Total Revenue

question 79

Multiple Choice

Total revenue

• A)always increases as price increases.
• B)increases as price increases,as long as demand is elastic.
• C)decreases as price increases,as long as demand is inelastic.
• D)remains unchanged as price increases when demand is unit elastic.

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Definitions:

Culture

The shared patterns of behaviors, practices, beliefs, values, and artefacts that members of a society use to cope with their world and with one another.

Incestuous Relations

Sexual relationships between closely related individuals, which are often prohibited by law and social norms due to genetic and ethical concerns.

Children Under 18

Individuals who are legally recognized as minors and have not yet reached the age of majority, which is typically 18 years in many countries.

Percentage

A proportion or share in relation to a whole, represented as a fraction of 100.