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.

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Definitions:

Dizygotic Twins

Also known as fraternal twins, they are siblings born at the same time as a result of two different eggs being fertilized by two different sperm, sharing about 50% of their DNA.

Monozygotic Twins

Twins that originate from a single fertilized egg, making them genetically identical.

IQ

Intelligence Quotient, a measure of a person's intellectual abilities in relation to an average score for their age group.

Chemical Elements

Substances that cannot be chemically broken down into simpler substances and are the primary constituents of matter.