Which of the Following Is Not Possible

question 78

Multiple Choice

Which of the following is not possible?

• A)Demand is elastic,and a decrease in price causes an increase in revenue.
• B)Demand is unit elastic,and a decrease in price causes an increase in revenue.
• C)Demand is inelastic,and an increase in price causes an increase in revenue.
• D)Demand is perfectly inelastic,and an increase in price causes an increase in revenue.

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Definitions:

Assembly

The process of putting together various components or parts to build a finished product.

Procurement

The process of obtaining goods or services, typically for business purposes, which includes selecting suppliers, negotiating contracts, and strategic sourcing.

MRP

Material Requirements Planning, a system for planning production and inventory control, ensuring materials and products are available for production and delivery.