Which of the Following Statements Is True

question 181

Multiple Choice

Which of the following statements is true?

• A)If the price of a good is lowered and total revenue decreases, demand is elastic.
• B)If the price of a good is raised and total revenue does not change, demand is perfectly elastic.
• C)If the price of a good is raised and total revenue increases, demand is inelastic.
• D)If the price of a good is lowered and total revenue increases, demand is inelastic.

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Definitions:

Deviance

Behaviors or actions that violate societal norms or expectations, leading to social disapproval.

Crime

Acts or omissions that violate the law and are punishable by the state, encompassing a wide range of illegal activities.

Gender Gap

The disparities between women and men across various settings, including social, political, intellectual, cultural, or economic attainments or attitudes.

Arrests

The act of legally detaining a person as a response to suspecting them of committing a criminal offense, pending further investigation or legal action.