Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be elastic.
<h3>What is total revenue?</h3>
- Total revenue is the total amount of money a seller can earn from offering clients goods or services.
- The formula for this is PQ, or the purchase price times the quantity of the products sold.
- A calculation or equation that describes how certain sources of revenue will behave on a graph.
- The sum a corporation or business owner earns for the goods or services they sell during a given time period is known as total revenue.
- The formula for total revenue assists business owners in determining whether to raise prices or provide a discount on their products.
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Answer: external cause
Explanation:
Based on the information that's provided in the question, if Kumi gets audited this year, then he is likely to believe that the reason for the audit is due to an external cause, like the tax program that was used in the preparation of his taxes.
In such case, we can infer that the perception of Kumi is being influenced due to self-serving bias.
Answer:
A. Joint Interoperability Test Command (JITC)
Explanation:
The Joint Interoperability Test Command (JITC) is a wing of the United States Department of Defense that tests and certifies information technology products for military use. JITC provides risk based Test, Evaluation & Certification services, tools, and environments to ensure Joint War-fighting IT capabilities are interoperable and support mission needs.
The answer is <u>decreases per unit.</u>
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