In Which of the Following Instances Will Total Revenues Decline

question 61

Multiple Choice

In which of the following instances will total revenues decline?

• A) price rises and Ed equals .41
• B) price rises and demand is of unit elasticity
• C) price falls and demand is elastic
• D) price rises and Ed equals 2.47

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Definitions:

Behaviorists

Psychologists who study and theorize about human and animal behavior through observable actions, often dismissing internal processes.

Fixated

An obsessive interest or attachment to someone or something.

Aggression

Behavior intended to harm or intimidate others.

Moderately Consistent

Showing a level of regularity or predictability in actions or behavior, but not to an absolute degree.