Which of the Following Statements Is True

question 21

Multiple Choice

Which of the following statements is true?

• A)Whenever a firm raises its price its total revenue will increase.
• B)When a firm lowers its price its total revenue may either increase or decrease.
• C)Whenever a firm increases its quantity sold its revenue will increase.
• D)Total revenue will equal zero when the demand for a product is unit elastic.

---

Definitions:

Hypotheses

Tentative explanations or predictions that can be tested through observation and experimentation.

Phenomena

Observable facts or events that are subject to scientific examination and explanation.

Happiness

A state of well-being and contentment characterized by positive emotions ranging from satisfaction to intense joy.

Smiling

is a facial expression formed by flexing the muscles at the edges of the mouth, typically signaling joy, amusement, or sociability.