If the Demand Curve Is Perfectly Elastic, and If the Price

question 216

Multiple Choice

If the demand curve is perfectly elastic, and if the price of the good is increased by 10 percent by the seller, then revenue from the sale of the good would

• A)remain constant.
• B)fall to zero.
• C)increase by 10 percent.
• D)decrease by 10 percent.

---

Definitions:

Volume

The measurement of the three-dimensional space a substance (solid, liquid, gas) or shape occupies or contains.

Density

The mass of a substance per unit volume, often measured in grams per cubic centimeter or kilograms per cubic meter.

Mass

A property of physical objects that quantifies the amount of matter within them, typically measured in kilograms or grams.

Volume

A measure of the amount of space an object or substance occupies.