An Increase in Price Will Result in No Change in Total

question 39

Multiple Choice

An increase in price will result in no change in total revenue if:

• A)the percentage change in price is large enough to cause quantity demanded to fall to zero.
• B)the coefficient of elasticity is equal to zero.
• C)the percentage change in quantity demanded is equal to the percentage change in price (in absolute values).
• D)the demand function is perfectly elastic.

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Definitions:

EPA

The Environmental Protection Agency is a U.S. federal agency tasked with protecting human health and the environment through the regulation of pollutants and enforcement of environmental laws.

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A refined petroleum product used primarily as fuel in internal combustion engines.

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A regulatory procedure undertaken before the start of construction projects to assess compliance with environmental laws, zoning regulations, and other requirements.

Clean Air Act

A federal law designed to control air pollution on a national level by regulating emissions from both stationary and mobile sources.