If Demand Is Unit Elastic

question 128

Multiple Choice

If demand is unit elastic:

• A) revenue and prices rise and fall together.
• B) revenue rises as price falls.
• C) revenue falls as price rises.
• D) revenue remains constant as price rises or falls.

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Definitions:

Positive Beliefs

Optimistic convictions or attitudes that individuals hold, which can drive their behavior and outlook on life, including in professional settings like sales.

Puffery

The use of exaggerated or vague statements in advertising or sales that are subjective and not expected to be taken literally, used to create appeal without making concrete claims.

Sales Presentation

A pitch or communication aimed at convincing potential buyers to purchase a product by highlighting its benefits and value.

Visual Aid

An item of illustrative matter, such as a film, slide, or model, designed to supplement written or spoken information so that it can be understood more easily.