Which of the Following Statements Is FALSE

question 34

Multiple Choice

Which of the following statements is FALSE?

• A) Scabies in humans is caused by the same parasite that causes mange in dogs.
• B) Laypersons often refer to pediculosis as crabs.
• C) Lice eggs are known as nits.
• D) Scabies and pediculosis are treated with a topical anesthetic drug.

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Definitions:

Total Revenue

The total amount of money a firm receives from sales of its products or services before any expenses are subtracted.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at various price levels at a given time period.

Unit Elastic

A demand or supply situation where a percentage change in price results in an equal percentage change in the quantity demanded or supplied.

Revenue Inelastic

A situation where the revenue from a product does not significantly change with fluctuations in its price, indicating a low sensitivity to price changes.