Which of the Following Is Not Possible

question 78

Multiple Choice

Which of the following is not possible?

• A)Demand is elastic,and a decrease in price causes an increase in revenue.
• B)Demand is unit elastic,and a decrease in price causes an increase in revenue.
• C)Demand is inelastic,and an increase in price causes an increase in revenue.
• D)Demand is perfectly inelastic,and an increase in price causes an increase in revenue.

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Definitions:

Oxytocin

A hormone and neurotransmitter often associated with social behaviors, such as bonding, trust, and empathy.

Physical Pain

A distressing feeling often caused by intense or damaging stimuli, experienced somewhere in the body.

Proximity

The physical nearness of others, which is a major factor determining who we form relationships with.

Vending Machine

A machine that dispenses items such as snacks, beverages, or other products to consumers, typically after a payment has been made.