If Demand Is Elastic, Then Total Revenue Would Decrease If

question 14

True/False

If demand is elastic, then total revenue would decrease if price were lowered.

---

Definitions:

Contributions

The act of giving something, such as effort, resources, or ideas, to help achieve a common goal or improve a situation.

Subunits

Smaller parts, divisions, or components that make up a larger organization or system, often with specific roles or functions.

Motivational Aspect

Refers to elements or factors that stimulate desire and energy in individuals to be continually interested and committed to a job, role, or subject.

Good Objectives

Well-defined, achievable targets that aim to guide actions and efforts towards a specific goal.