An Increase in Total Revenue Will Result If

question 40

Multiple Choice

An increase in total revenue will result if

• A) demand is inelastic and price decreases.
• B) demand is elastic and price decreases.
• C) demand is elastic and price increases.
• D) demand is unitary elastic and price increases.

---

Definitions:

Knowledge

Information, understanding, or skill that one gets through experience or education.

Culture

The shared norms, values, beliefs, and practices that influence the behavior of groups of people, shaping their societal norms and interactions.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.

Sales Tax

A tax paid to a governing body for the sales of certain goods and services, typically a percentage added to the total sale price.