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:

ICD-9-CM

The International Classification of Diseases, Ninth Revision, Clinical Modification; a system used in the United States to code and classify morbidity data from inpatient and outpatient records.

Classification

The process of organizing or categorizing objects, information, or phenomena into groups based on shared characteristics or criteria.

Characters

Symbols or letters used in writing or printing to represent sounds or meaning in a language.

ICD-10 Codes

A comprehensive classification system developed by the World Health Organization for coding diseases, symptoms, and health encounters, used globally for health management and epidemiological purposes.