Which of the Following Is True

question 264

Multiple Choice

Which of the following is true?
i.The demand for a good is elastic if when its price changes,the percentage change in the quantity demanded exceeds the percentage change in price.
ii.Price elasticity of demand equals the percentage change in price divided by the percentage change in the quantity demanded.
iii.If demand is price inelastic,a rise in price leads to a decrease in total revenue.

• A) only i
• B) only ii
• C) only iii
• D) i and ii
• E) ii and iii

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Definitions:

Equity Multiplier

A financial ratio that measures a company's leverage by dividing total assets by total shareholders' equity.

Year 2

Refers to the second year in a given context, often used in financial and performance analysis.

Equity Multiplier

A ratio showing the comparative use of debt versus shareholders' equity in funding a company's assets.

Year 2

The term defines the sophomore year in any given context, often seen in fiscal, educational, or chronological timelines.