If the Demand for Donuts Is Elastic,then a Decrease in the Price

question 83

Multiple Choice

If the demand for donuts is elastic,then a decrease 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:

Nineteen Century

The period from 1801 to 1900, marked by significant social, political, and technological changes worldwide.

Republican Party Presidential Nominee

The individual selected to represent the Republican Party in the United States presidential election.

Barry Goldwater

A significant figure in American politics, known for his 1964 presidential campaign and as a major proponent of conservatism in the United States.

Initiative

A process or strategy intended to resolve an issue or create change.