Which of the Following Statements Is True

question 181

Multiple Choice

Which of the following statements is true?

• A)If the price of a good is lowered and total revenue decreases, demand is elastic.
• B)If the price of a good is raised and total revenue does not change, demand is perfectly elastic.
• C)If the price of a good is raised and total revenue increases, demand is inelastic.
• D)If the price of a good is lowered and total revenue increases, demand is inelastic.

---

Definitions:

Stressed

A condition of mental or emotional strain resulting from demanding circumstances.

Heavy Alcohol User

An individual who consumes alcohol in large quantities frequently, potentially leading to physical dependence or alcohol use disorder.

Therapy

A systematic process for helping people overcome their psychological problems. Therapy consists of a client (patient), a trained therapist, and a series of contacts between them.

Stressful Life Events

Significant occurrences or changes in one's life that can trigger or exacerbate stress, leading to various psychological or physical health outcomes.