​If the Price Elasticity of Demand Is -0

question 58

Multiple Choice

​If the price elasticity of demand is -0.8 and the firm increases price,revenue will

• A)​Increase
• B)Decrease
• C)Stay constant
• D)​become zero,they would lose all their customers

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Definitions:

Cash Cycle

This term describes the time it takes for a business to convert its investments in inventory and other resources into cash flows from sales.

Source Of Cash

The origin of funds that a company or individual has, which could be operational earnings, investment returns, or financing.

Merchandise Sale

A commercial transaction where goods are sold to consumers.

Long-Term Debt

Long-term debt is loans and financial obligations lasting more than one year, often used for business expansion or large capital investments.