A Price Change Will Have No Effect on Total Revenue

question 89

Multiple Choice

A price change will have no effect on total revenue if demand is

• A) Elastic.
• B) Unitary.
• C) Inelastic.
• D) Perfectly elastic.

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Definitions:

Organizational Unit

A subdivision within a company or organization designated by a defined business function or responsibility.

Process Costing

A method of costing used where identical products are produced, allocating average costs for each unit.

Repetitive Production

A method of production where the same products are manufactured over and over again in a continuous flow.

Noncustomized Products

Refers to goods that are produced in large quantities without specific modifications for individual customers.