Total Revenue Increases If Price ________ and Demand Is ________

question 125

Multiple Choice

Total revenue increases if price ________ and demand is ________.

• A) falls; inelastic
• B) falls; elastic
• C) rises; elastic
• D) rises; unit elastic

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Definitions:

Nonverbal Communication

A form of communication that involves conveying messages through gestures, facial expressions, body language, and tone of voice rather than words.

Albert Mehrabian

A psychologist known for his theories on the relative importance of verbal and non-verbal messages in human communication.

Functions

In mathematics, a relation between a set of inputs and a set of permissible outputs, often defining what output is assigned to a particular input.

Gestures

Physical actions or movements of the body that express ideas, intentions, or feelings.