An Increase in Price

question 45

Multiple Choice

An increase in price:

• A)causes a quantity effect.
• B)causes a price effect.
• C)causes a decrease in revenue that results from selling fewer units of the good,and a simultaneous increase in revenue that results from receiving a higher price for each unit sold.
• D)All of these are true.

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Definitions:

Wireless Technologies

Technologies allowing the transmission of data and communication between devices without physical connections.

Visibility into Shipments

The ability to track and monitor the status of goods as they are transported from origin to destination, enhancing supply chain transparency.

Alignment

The arrangement or adjustment of elements in a straight line or correct positions, ensuring consistency and coordination towards shared goals.