When Price Was 6,quantity Demanded Was 10

question 103

Multiple Choice

When price was 6,quantity demanded was 10.When price decreased to 5,quantity demanded increased to 13.Therefore,when price decreased,total revenue

• A) decreased from 65 to 60, indicating that demand is inelastic.
• B) decreased from 65 to 60, indicating that demand is elastic.
• C) increased from 60 to 65, indicating that demand is inelastic.
• D) increased from 60 to 65, indicating that demand is elastic.

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Definitions:

Regular Maintenance

The routine care and servicing by personnel to keep facilities, equipment, or software operational and efficient, preventing unexpected breakdowns and ensuring longevity.

Working Condition

The environment and circumstances under which employees perform their jobs, including aspects like safety, hours, and ergonomics.

Mountain Bike

a type of bicycle designed for off-road cycling, featuring sturdy frames, knobby tires, suspension systems, and powerful brakes to handle rough terrain.

Quality Management

The aspect of management focused on maintaining and improving the quality of products, services, and processes through continuous feedback and strategic planning.