What Happens When Demand Is Elastic

question 163

Multiple Choice

What happens when demand is elastic?

• A) As price goes up,revenue goes down.
• B) As price goes down,revenue goes down.
• C) As price goes up,revenue goes up.
• D) As price goes up,revenue does not change.
• E) As price goes down,revenue does not change.

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Definitions:

Hypertension

A medical condition characterized by consistently high blood pressure.

Numbness of Extremities

A lack of sensation or feeling in the limbs, such as the hands or feet, often indicative of nerve damage or circulation issues.

Fainting

A sudden, temporary loss of consciousness, often due to a decrease in blood flow to the brain.

Limited Function

Refers to a condition or situation where the capabilities or actions of a system, organ, or individual are restricted.