If the demand for KFC chicken is price elastic, a fall in the price of KFC chicken will raise the total revenue.
举一反三
- If the demand for orange juice is elastic, then as the price falls, quantity demanded for orange juice will ________ and total revenue for orange suppliers will ________.
- The price of chicken increases as the result of higher pork prices. This indicates that A: chicken and pork are substitutes. B: chicken and pork are complements C: the market demand for pork is inelastic. D: the market demand for chicken is elastic.
- Price and total revenue are inversely related when demand is:
- If demand is price elastic and price decreases, then A: the extra revenue from the extra units sold is exactly offset by the loss in revenue due to the lower price B: more information is necessary to determine what happens to total revenue C: the extra revenue from the extra units sold is less than the loss in revenue from the lower price D: the extra revenue from the extra units sold exceeds the loss in revenue from the lower price
- KFC中C的意思是Chicken。（）