If the Demand for Donuts Is Elastic,then an Increase in the Price

question 220

Multiple Choice

If the demand for donuts is elastic,then an increase in the price of donuts will

• A) increase total revenue of donut sellers.
• B) decrease total revenue of donut sellers.
• C) not change total revenue of donut sellers.
• D) There is not enough information to answer this question.

---

Definitions:

Large-Scale Institutions

Broad systems or organizations in society that influence the structure and functioning of social life, such as government, education and religious institutions.

Individual Interactions

The exchanges and communication between people, which can influence thoughts, feelings, and behaviors.

Sociological Approach

A method of studying society that focuses on understanding social structures, patterns, and relationships from a systematic and critical perspective.

Culture Shock

A feeling of disorientation and discomfort that one may experience when exposed to a foreign culture or social environment for the first time.