Which of the Following Correctly Comments on the Following Statement

question 67

Multiple Choice

Which of the following correctly comments on the following statement? "The only way to increase the revenue from selling a product is to increase the product's price."

• A)It is not true. Revenue will increase as the price of the product increases only if demand is elastic.
• B)This statement is not true. Revenue will increase as the price of the product increases only if demand is inelastic.
• C)The statement is true.
• D)This statement is not true. Revenue will decrease as the price of the product increases because quantity demanded will fall.

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Definitions:

Frail Elderly

Older adults who are in a diminished physical condition and have increased risk for adverse health outcomes, such as falls, hospitalizations, and dependency.

Daughters-in-Law

Women who are married to one's son and are thus integrated into the family.

Public Agencies

Government organizations that provide services to the public, manage resources, and enforce laws and regulations.

Sarcopenia

The loss of muscle mass and strength that occurs with aging.