If Elasticity of Demand Is 4 and Price Is Raised

question 89

Multiple Choice

If elasticity of demand is 4 and price is raised,

• A)total revenue will fall.
• B)total revenue will rise.
• C)total revenue will remain constant.
• D)there is no way to determine whether total revenue will rise,fall,or remain constant.

Understand the EVLN model and its relevance to job satisfaction and organizational behavior.

Understand the factors contributing to job satisfaction and its impact on job performance and customer service.

Understand the concept of organizational commitment and its different forms.

Recognize the various competencies associated with emotional intelligence and its highest level.

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Definitions:

Ethnocentrism

Ethnocentrism is the act of judging another culture solely by the values and standards of one's own culture, often leading to misunderstanding and biases.

Real Nature

The essential qualities or characteristics of something or someone, often considered inherent and authentic.

Bicultural Identity Integration

Refers to the extent to which individuals can merge their original cultural background with that of another culture, influencing their sense of identity and social adaptation.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice against other groups.