If a Price Decrease Results in No Change in Seller's

question 4

Multiple Choice

If a price decrease results in no change in seller's total revenue then

• A)supply determined demand
• B)supply is unresponsive to demand
• C)demand is elastic
• D)demand is inelastic
• E)demand is unitary elastic

Recognize the concepts of treasury stock, including reasons for buyback and the financial impact of treasury stock transactions.

Identify key elements that should be disclosed in the stockholders' equity section of the balance sheet.

Understand the effects and reasons for conducting a stock split.

Learn the basic terminology and functions within stockholders' equity.

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Definitions:

Sympathetic Nervous System

The part of the autonomic nervous system that prepares the body for physical activity and stress by triggering the fight-or-flight response.

Electrical Conduction

The movement of electrically charged particles through a material that allows the flow of electricity.

Polygraph Test

A lie detection examination that measures physiological responses to questions to ascertain truthfulness.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for fight or flight response by accelerating heart rate, dilating pupils, and increasing blood flow to muscles.