In November,the Appliance Store Priced Its Front-Loading Washing Machines at $899.00

question 7

Multiple Choice

In November,the appliance store priced its front-loading washing machines at $899.00 and sold 50 units.In December they reduced the price to $799.00 and sold 53 units.Which of the following statements is accurate regarding this situation?

• A)Demand is elastic and total revenue fell from November to December.
• B)Demand is inelastic and total revenue fell from November to December.
• C)Demand is elastic and total revenue rose from November to December.
• D)Demand is inelastic and total revenue rose from November to December.
• E)Demand is neither elastic nor inelastic,but revenue rose from November to December.

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Definitions:

Effective Communication

The process of clearly conveying information and understanding between parties to ensure mutual comprehension.

Discreet

Refers to something that is separate, distinct, or not connected to others; often mistaken with "discrete," which has a similar meaning.

Verbal Communication

The process of conveying or exchanging information and ideas through spoken words.

Gestures

Movements of the body, especially the hands and arms, that express ideas or feelings.