An Increase in Price Causes an Increase in Total Revenue

question 223

Multiple Choice

An increase in price causes an increase in total revenue when demand is

• A)elastic.
• B)inelastic.
• C)unit elastic.
• D)All of the above are possible.

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Definitions:

Biological Factors

Biological factors are the genetic, neurological, and physical conditions that affect human behavior and health.

Gender Identity

A person's deeply-felt internal experience of gender, which may or may not correspond to the sex assigned at birth.

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An individual's perception and personal sense of their own gender identity, sexual orientation, and sexual preferences.

Individualistic Orientation

A philosophy that emphasizes personal identity and the uniqueness of the individual.