If a Firm's Total Revenue INCREASES When the Price of Its

question 10

Multiple Choice

If a firm's total revenue INCREASES when the price of its product is reduced from $90 to $50, the demand for this product between these two points is:

• A) inelastic.
• B) unitary elastic.
• C) elastic.
• D) Cannot tell from what is given.

---

Definitions:

Pneumothorax

Pneumothorax is a medical condition where air leaks into the space between the lung and chest wall, causing the lung to collapse.

Bradypnea

An abnormally slow breathing rate, which can be indicative of various health conditions.

Hypoventilation

Insufficient ventilation leading to an increase in blood carbon dioxide levels and potential respiratory failure.

Irregular Pattern

A pattern that does not follow a predictable or orderly arrangement or sequence.