If the Demand for Bananas Is Elastic,then an Increase in the Price

question 42

Multiple Choice

If the demand for bananas is elastic,then an increase in the price of bananas will

• A)increase total revenue of banana sellers.
• B)decrease total revenue of banana sellers.
• C)not change total revenue of banana sellers.
• D)There is not enough information to answer this question.

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Definitions:

Avoidance Motivation

A behavioral response aimed at evading unpleasant outcomes, tasks, or situations.

Implicit Motives

Unconscious drives and desires that influence behavior and decision-making, often distinct from consciously stated goals or values.

Explicit Motives

Refers to motivations that are consciously recognized and can be verbally stated, influencing behaviors by one's self-aware goals.

Meaning In Life

Having a purpose and putting time and energy into attaining important goals.