If the Demand Faced by a Firm Is Elastic,selling One

question 22

Multiple Choice

If the demand faced by a firm is elastic,selling one less unit of output will

• A)increase revenue.
• B)decrease revenue.
• C)keep revenues constant.
• D)decrease price.

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Definitions:

Insomnia

A sleep disorder that is characterized by difficulty falling and/or staying asleep.

REM Sleep

A unique phase of sleep in mammals and birds, characterized by random movement of the eyes, low muscle tone throughout the body, and the propensity of the sleeper to dream vividly.

Narcolepsy

A chronic sleep disorder characterized by overwhelming daytime drowsiness and sudden attacks of sleep.

Insomnia

A common sleep disorder characterized by trouble falling asleep, staying asleep, or getting restorative sleep.