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-In the Figure Above,when the Price Falls from $8 to $7,total

question 9

Multiple Choice

  -In the figure above,when the price falls from $8 to $7,total revenue A)  increases from $120 to $210 so demand is elastic. B)  decreases from $210 to $120 so demand is inelastic. C)  increases from $120 to $210 so demand is inelastic. D)  decreases from $210 to $120 so demand is elastic. E)  increases from $120 to $210, but more information is needed to determine whether demand is elastic, inelastic, or unit elastic.
-In the figure above,when the price falls from $8 to $7,total revenue

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Definitions:

Operating Activities

The primary revenue-generating activities of a business, including the production, sales, and delivery of the company's products and services.

Investing Activities

Part of a company's cash flow statement that shows the cash spent on investments in capital assets and any cash received from the sale of those assets.

Equipment Account

A ledger account that tracks the purchase price, depreciation, and disposal of tangible assets such as machinery and equipment used in business operations.

Operating Activity

Business functions related to producing goods or services, which are reflected in the company's cash flow from operations.

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