An Increase in Total Revenue Results from Which of the Following

question 35

Multiple Choice

An increase in total revenue results from which of the following?

• A) Price decreases when demand is inelastic.
• B) Price increases when demand is elastic.
• C) Price decreases when demand is elastic.
• D) Price increases when demand is unitary elastic.

---

Definitions:

Social Media

Digital platforms and technologies that enable users to create, share content, or participate in social networking.

Feedback Process

A system or method through which information about the results of a particular action is returned to the source, allowing for adjustment or improvement.

Popular Topics

Subjects or themes that attract considerable attention or interest from the general public at a given time.

Web 3.0

The third generation of the World Wide Web, characterized by advanced features like semantic web, artificial intelligence, and decentralized services, offering a more personalized and interactive web experience.