Given a Downward-Sloping Linear Demand Curve, If Total Revenue Decreases

question 56

Multiple Choice

Given a downward-sloping linear demand curve, if total revenue decreases as quantity rises, marginal revenue must be

• A) positive and demand is elastic.
• B) negative and demand is elastic.
• C) positive and demand is inelastic.
• D) negative and demand is inelastic.

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Definitions:

Collective Conscious

An aggregation of mutual convictions, notions, and ethical positions that function as a consolidating power within a community.

Mechanical Societies

Term used by Émile Durkheim to describe simple, traditional societies connected by similarities and communal bonds rather than complex division of labor.

Organic Societies

Refers to social systems perceived as living organisms, where different parts work together harmoniously, often used to describe pre-modern societies.

Nonmaterial Social Facts

Elements of culture, such as values, beliefs, norms, and rituals, that shape human behavior and social order.