If Demand Is __________, Price and Total Revenue Are __________

question 141

Multiple Choice

If demand is __________, price and total revenue are __________ related; if demand is __________, price and total revenue are directly related.

• A)elastic; inversely; inelastic
• B)inelastic; inversely; elastic
• C)unit elastic; not; elastic
• D)inelastic; inversely; unit elastic

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Definitions:

Debt Utilization Ratios

Ratios that measure how much debt an organization is using relative to other sources of capital, such as owners’ equity.

Quick Ratio

A financial metric that measures a company's ability to meet short-term obligations with its most liquid assets, excluding inventory.