If Demand Is Unitary Elastic,a Price Decrease Results in

question 148

Multiple Choice

If demand is unitary elastic,a price decrease results in

• A)an increase in total seller's total revenue
• B)no change in total seller's total revenue
• C)a decrease in total expenditure on the good
• D)a decrease in quantity demanded of the good
• E)an increase in supply of the good

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Definitions:

Extraversion

A personality trait typified by outgoing, energetic, and sociable behaviors.

Gregariousness

The quality of being sociable, outgoing, and enjoying the company of others.

Assertiveness

The quality of being self-assured and confident without being aggressive, in expressing one’s needs and opinions.

Evolutionary Psychologists

Researchers who study how evolutionary theory explains psychological traits and behaviors, asserting that many human psychological systems, including memory, perception, and language, serve evolved adaptive purposes.