{"id":945,"date":"2017-10-22T10:20:16","date_gmt":"2017-10-22T04:20:16","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/a-firm-derives-revenue-from-two-sources-goods-increase-will\/"},"modified":"2017-10-22T10:20:16","modified_gmt":"2017-10-22T04:20:16","slug":"a-firm-derives-revenue-from-two-sources-goods-increase-will","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/a-firm-derives-revenue-from-two-sources-goods-increase-will\/","title":{"rendered":"A firm derives revenue from two sources: goods &#8230;. increase will"},"content":{"rendered":"<p>A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is -2.0 and the cross-price elasticity of demand between Y and X is 1.5 then a 4 percent price increase will<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"education_level":[],"class_list":["post-945","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is -2.0 and the cross-price elasticity of demand between Y and X is 1.5 then a 4 percent price increase will\u00a0Increase total revenues from X and Y by $800.","mcq_options":[{"right":"yes","answer":"Increase total revenues from X and Y by $800"},{"right":"no","answer":"Increase total revenues from X and Y by $8,000"},{"right":"no","answer":" Decrease total revenues from X and Y by $400"},{"right":"no","answer":" Increase total revenues from X and Y by $400"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=945"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=945"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=945"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=945"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}