If the Elasticity of Demand for a Service Is 0

question 96

Multiple Choice

If the elasticity of demand for a service is 0.4 and price is raised,

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

---

Definitions:

World

The earth and all life on it, including human civilization and the natural environment; often used in a global context to discuss issues affecting the planet and its inhabitants.

Day

A unit of time equal to 24 hours, representing the period it takes for the Earth to complete one full rotation on its axis.

Poverty Rate

The percentage of the population whose income falls below the poverty line, indicating their inability to meet basic needs.

Americans

Citizens or nationals of the United States, also referring collectively to the inhabitants of the country.