When the Price Elasticity of Demand Is Elastic and Prices

question 29

Multiple Choice

When the price elasticity of demand is elastic and prices go up,_____.

• A)revenues stay the same
• B)revenues decline
• C)revenues increase
• D)profits increase

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Definitions:

Report View

A feature in database and application software that allows users to view, and sometimes interact with, the data in a report format.

Print Preview

A feature that allows users to view a document or page exactly how it will appear when printed, often used to make adjustments before final printing.

Report Layout View

A view in database software that enables users to design or modify how reports based on the data will be visually laid out and printed.

Form View

A way of displaying or editing data within a database application, where data fields are formatted in a form-like layout for easier viewing and data entry.