If the Supply of a Good Decreases and It Causes

question 174

Multiple Choice

If the supply of a good decreases and it causes total revenue to increase,this shows that the good has an

• A) inelastic demand
• B) elastic demand
• C) unit elastic demand
• D) inelastic supply
• E) elastic supply

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Definitions:

Detect Others' Emotions

The ability to recognize and understand the emotions being experienced by others, often through nonverbal cues.

Reducing Anger

Techniques and strategies aimed at lowering the intensity of feelings of anger or frustration to manage conflict and stress more effectively.

Negative Emotion

Feelings that are generally considered to be unpleasant or undesirable, such as sadness, anger, or fear.

Enthusiasm

The feeling of great eagerness and interest towards a particular subject or activity, often leading to active participation or engagement.