Which of the Following Is Correct

question 128

Multiple Choice

Which of the following is correct?

• A)If demand is elastic, an increase in price will increase total revenue.
• B)If demand is elastic, a decrease in price will decrease total revenue.
• C)If demand is elastic, a decrease in price will increase total revenue.
• D)If demand is inelastic, an increase in price will decrease total revenue.

---

Definitions:

Dun & Bradstreet Canada

A branch of the global corporation Dun & Bradstreet that specializes in providing commercial data, analytics, and insights for businesses in Canada.

Fixed Asset Turnover Ratio

A financial metric that measures how efficiently a company uses its fixed assets to generate sales.

Net Income

The financial gain a company realizes after all deductions, including taxes and costs, are taken from revenue.

Total Assets

The sum of all assets owned by an individual or organization, including cash, investments, property, and other valuables, representing the total resources available for use in generating future income.