If Demand Is ________,A Price Cut ________ the Total Revenue

question 35

Multiple Choice

If demand is ________,a price cut ________ the total revenue.

• A) elastic; increases
• B) unit elastic; decreases
• C) inelastic; increases
• D) inelastic; does not change
• E) normal; decreases

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Definitions:

Lithium

A chemical element used as a medication, particularly in the treatment of bipolar disorder, by stabilizing mood and reducing extremes in behavior.

Cognitive-behavioral Therapy

A type of therapy focusing on improving well-being and solving issues through altering negative emotions, actions, and thought patterns.

Phobias

Intense, irrational fears of specific objects or situations, leading to significant distress and avoidance behavior.

Compulsions

Repetitive behaviors or mental acts that an individual feels driven to perform in response to an obsession or according to rules that must be applied rigidly.