If the Price Elasticity of Demand Is 1

question 128

Multiple Choice

If the price elasticity of demand is 1.0,and a firm raises its price by 10 percent,the total revenue will

• A)Rise by 10 percent.
• B)Fall by 10 percent.
• C)Not change.
• D)Rise by 100 percent.

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Definitions:

Motion Parallax

A depth cue that results from the relative movement of objects as observed by a moving observer, allowing the distance of objects to be perceived.

Aerial Perspective

A technique in art and photography that simulates depth by depicting distant objects as paler, less detailed, and usually bluer than nearer objects.

Kinetic Depth Effect

A visual phenomenon where the motion of an object reveals its three-dimensional structure.

Motion Parallax

A depth cue in which objects closer move faster across the visual field than objects that are further away, creating a sense of depth.