Which of the Following Is Not Possible

question 78

Multiple Choice

Which of the following is not possible?

• A)Demand is elastic,and a decrease in price causes an increase in revenue.
• B)Demand is unit elastic,and a decrease in price causes an increase in revenue.
• C)Demand is inelastic,and an increase in price causes an increase in revenue.
• D)Demand is perfectly inelastic,and an increase in price causes an increase in revenue.

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Definitions:

Fringe Lending

Lending practices occurring outside of traditional banking institutions, often associated with high-interest rates and less favorable terms for borrowers.

Sub-Prime Lending

Lending to individuals who have poor credit histories and are considered a higher risk to lenders.

Bank Charter

A legal document that authorizes the establishment and operation of a bank, setting out its rights and obligations.

Savings And Loan

A financial institution that specializes in accepting savings deposits and making mortgage and other loans.