In Which of the Following Situations Will Total Revenue Increase

question 105

Multiple Choice

In which of the following situations will total revenue increase?

• A)Price elasticity of demand is 1.2,and the price of the good decreases.
• B)Price elasticity of demand is 0.5,and the price of the good increases.
• C)Price elasticity of demand is 3.0,and the price of the good decreases.
• D)All of the above are correct.

---

Definitions:

Provincial Tax Brackets

The different rates of tax applied to various levels of income within a specific province, determining how much tax individuals owe based on their income.

Tax Difference

The discrepancy between tax calculated on accounting profit and the tax charged by the tax authorities, leading to deferred tax assets or liabilities.

Cash Flow To Shareholders

The amount of cash a company distributes to its shareholders, typically through dividends and share buybacks.

Free Cash Flow

The amount of cash generated by a business after accounting for operational expenses and capital expenditures.