How Can a Firm Increase Total Revenue

question 163

Multiple Choice

How can a firm increase total revenue?

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

---

Definitions:

Liquidation Proceedings

Legal processes aimed at winding up a company's operations, selling its assets, and distributing the proceeds among creditors and shareholders.

Paralegals

Professionally trained assistants to lawyers who help in legal research, drafting documents, and other support tasks, but are not qualified to practice law.

Bankruptcy Law

A legal process for individuals or entities that are unable to repay their outstanding debts, providing a framework for asset liquidation or reorganization.

Exempt Property

Assets or items of property that are legally protected from being seized or taken by creditors, often under bankruptcy proceedings.