Total Revenue

question 354

Multiple Choice

Total revenue

• A) always increases as price increases.
• B) increases as price increases, as long as demand is elastic.
• C) decreases as price increases, as long as demand is inelastic.
• D) remains unchanged as price increases when demand is unit elastid.

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Definitions:

Learned Optimism

The concept that one can develop a more positive outlook through cognitive behavioral techniques, as proposed by psychologist Martin Seligman.

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience a particular event, either positive or negative.

Learned Helplessness

A psychological condition in which individuals believe they have no control over their environment or outcomes, often resulting from consistent failure or punishment.

Learned Helplessness

A condition in which an individual learns to feel powerless and stops trying to change their situation due to repeated failures or a sense of lack of control.