Total Revenue

question 79

Multiple Choice

Total revenue

• A)always increases as price increases.
• B)increases as price increases,as long as demand is elastic.
• C)decreases as price increases,as long as demand is inelastic.
• D)remains unchanged as price increases when demand is unit elastic.

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Definitions:

Intelligence

Cognitive capability involving learning, reasoning, problem-solving, and adaptation.

Achievement

That which is attained by one’s efforts and presumed to be made possible by one’s abilities.

Performance

The act or process of carrying out or accomplishing an action, task, or function.

Recall

The act of retrieving information or memories from one's past, often with a specific focus on details.