If the Price Elasticity of Demand for Apples Is Greater

question 272

Multiple Choice

If the price elasticity of demand for apples is greater than 1, an increase in apple prices will

• A) raise total revenue.
• B) lower total revenue.
• C) not affect total revenue.
• D) either raise or lower total revenue, but it is impossible to determine which.

---

Definitions:

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural diversity, and as the second-largest country by total area.

Environmental Leadership

The act or process of guiding practices and making decisions that positively affect the natural environment.

Elected Officials

Individuals chosen through electoral processes to hold public office in governmental bodies, responsible for making and enforcing laws.