Total Revenue Will Fall If

question 108

Multiple Choice

Total revenue will fall if

• A)demand for a good is inelastic and its price rises.
• B)demand for a good is elastic and its price rises.
• C)demand for a good is elastic and its price falls.
• D)All of the choices are true.

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Definitions:

Unconscious Processes

Mental processes that occur without conscious awareness, influencing thoughts, feelings, and behaviors.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, demonstrating the associative learning process through experiments with dogs.

John B. Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior over internal phenomena like feelings and thoughts.

Unconscious Motives

Underlying influences on behavior that stem from desires or feelings of which an individual is not aware.