How Can a Firm Increase Total Revenue

question 78

Multiple Choice

How can a firm increase total revenue?

• A) when demand is inelastic and the price decreases
• B) when demand is inelastic and the price increases
• C) when demand is elastic and the price increases
• D) when demand is unitary elastic and the price decreases
• E) when demand is unitary elastic and the price increases

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Definitions:

Conventional

Describes something that is based on or in accordance with what is generally done or believed, typical or traditional.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, both sexes, neither sex, or another sex.

Homosexuality

A sexual orientation characterized by attraction, either romantically or sexually, to individuals of the same gender.

Asexuality

A sexual orientation characterized by a lack of sexual attraction towards others.