If Demand Is Unit Elastic,a Price Reduction Will _____

question 176

Multiple Choice

If demand is unit elastic,a price reduction will _____

• A)increase revenues.
• B)reduce revenues.
• C)reduce total cost.
• D)have no effect on revenues.
• E)increase profits.

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Definitions:

Networks

A collection of interconnected people or organizations that exchange information and resources for professional or personal gain.

Best Referral System

refers to an efficiently designed process or program that encourages satisfied customers or clients to refer new customers or clients to a business.

Minimal Financing

Situations where businesses or projects operate with the lowest possible amount of financial investment or support.

Howard H. Stevenson

A professor and influential figure in the field of entrepreneurship, known for his work on the definition and concept of entrepreneurship.