Suppose There Is No Change in Total Revenue When the Price

question 110

Multiple Choice

Suppose there is no change in total revenue when the price changes. The demand curve for this good is:

• A) perfectly elastic.
• B) perfectly inelastic.
• C) elastic.
• D) unitary elastic.

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Definitions:

Applied Voltage

The level of electric force applied over a circuit or component, causing current to begin moving.

Total Current

The overall flow of electricity in a circuit, measured in amperes, which is constant throughout a series circuit.

Current Flow

The movement of electric charge carriers, such as electrons, through a conductor or circuit, typically directed from a positive to a negative point.

Applied Voltage

The voltage that is externally applied to an electrical device or circuit to initiate the flow of current.