The Elasticity Coefficients of Demand Are 2

question 91

Multiple Choice

The elasticity coefficients of demand are 2.6,0.5,1.4,and 0.18 for demand schedules D₁,D₂,D₃,and D₄.A 2 percent price increase will result in an increase in total revenues in the cases of:

• A) D₁ and D₃.
• B) D₁ and D₄.
• C) D₂ and D₄.
• D) D₁,D₂,and D₃.

---

Definitions:

Central Nervous System

The complex network of the brain and spinal cord responsible for processing and coordinating incoming and outgoing neural signals.

HIV

Human Immunodeficiency Virus, a virus that attacks the body's immune system, leading to AIDS if not treated.

Xanax

A prescription medication, generically known as alprazolam, used to treat anxiety and panic disorders.

Depressant Drug

A substance that slows down the activity of the central nervous system, resulting in reduced arousal or stimulation.