If the Demand for Donuts Is Elastic,then a Decrease in the Price

question 83

Multiple Choice

If the demand for donuts is elastic,then a decrease in the price of donuts will

• A)increase total revenue of donut sellers.
• B)decrease total revenue of donut sellers.
• C)not change total revenue of donut sellers.
• D)There is not enough information to answer this question.

---

Definitions:

Longitudinal Designs

Research approaches that study participants over a period of time to observe changes or developments in behavior, skills, or attitudes.

Cross-sectional

A research strategy in observational studies where information is gathered from a whole population or a representative portion, analyzed at one specific time.

Longitudinal Designs

Research methods that involve repeated observations of the same variables (e.g., subjects) over short or long periods of time.

Society Changes

The transformations or alterations that occur within societies over time, encompassing shifts in norms, values, and cultural practices.