A Firm Increases Its Price for a Good and Total

question 389

Multiple Choice

A firm increases its price for a good and total revenues increase. From this, we can conclude that its demand is

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

---

Definitions:

Code

In the context of healthcare, code often refers to a set of rules or guidelines used for classification, reporting, and billing purposes.

Single-celled Microorganisms

Organisms that consist of only one cell, such as bacteria, some algae, and protozoa.

Parasites

Organisms that live on or in a host organism and get their food at the expense of their host, potentially causing disease.

Nosocomial

Refers to infections or diseases acquired in a hospital or healthcare facility setting.