Which of the Following Statements Is True

question 21

Multiple Choice

Which of the following statements is true?

• A)Whenever a firm raises its price its total revenue will increase.
• B)When a firm lowers its price its total revenue may either increase or decrease.
• C)Whenever a firm increases its quantity sold its revenue will increase.
• D)Total revenue will equal zero when the demand for a product is unit elastic.

---

Definitions:

Genitalia

The organs of the reproductive system, especially those visible on the external body.

Ethnocentrism

Evaluating another culture exclusively through the lens of one's own cultural norms and values.

Objective Study

A study conducted in a way that aims to eliminate bias and subjectivity to achieve neutral and factual results.