In Which of the Following Situations Will Total Revenue Increase

question 105

Multiple Choice

In which of the following situations will total revenue increase?

• A)Price elasticity of demand is 1.2,and the price of the good decreases.
• B)Price elasticity of demand is 0.5,and the price of the good increases.
• C)Price elasticity of demand is 3.0,and the price of the good decreases.
• D)All of the above are correct.

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Definitions:

Management Development Programs

Structured education and training initiatives aimed at enhancing the skills, competencies, and capabilities of managers and potential leaders within an organization.

Strategic Role

The function or part played by a person or thing in a particular context, with an emphasis on strategic objectives and the broader impacts on the organization or environment.

Technical Skills

Abilities and knowledge in specific fields that are often associated with mechanical, IT, mathematical, or scientific tasks.

Stress Levels

The degree of physical and psychological strain experienced by individuals, often influenced by work demands and environment.