Holding All Other Forces Constant,if Decreasing the Price of a Good

question 41

Multiple Choice

Holding all other forces constant,if decreasing the price of a good leads to a decrease in total revenue,then the demand for the good must be

• A) unit elastic.
• B) inelastic.
• C) elastic.
• D) None of the above is correct because a price increase always leads to an increase in total revenue.

---

Definitions:

Intrastate

Activities or commerce that occur exclusively within the boundaries of a single state and are not subject to federal jurisdiction.

Alien

A foreign national who is not a citizen of the country in which they are living.

Foreign

Relating to or originating from a country other than one's own, often associated with international laws, transactions, or entities.

Interstate

Relating to or involving more than one state, usually in reference to commerce or transportation that crosses state lines.