An Increase in Price Causes an Increase in Total Revenue

question 223

Multiple Choice

An increase in price causes an increase in total revenue when demand is

• A)elastic.
• B)inelastic.
• C)unit elastic.
• D)All of the above are possible.

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Definitions:

Coercive

Relating to the use of force or intimidation to obtain compliance.

Selfish Reasons

Motivations or justifications for actions that prioritize one's own benefits or interests above others'.

Downward Influence

The impact or control exerted by individuals in higher positions within an organization upon those in lower positions.

Rational Persuasion

Using logical arguments and factual evidence to convince others to change their attitudes, beliefs, or behaviors.