{"id":969,"date":"2017-10-21T10:24:04","date_gmt":"2017-10-21T04:24:04","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/assume-that-the-price-elasticity-of-demand-is-total-revenue-to\/"},"modified":"2017-10-21T10:24:04","modified_gmt":"2017-10-21T04:24:04","slug":"assume-that-the-price-elasticity-of-demand-is-total-revenue-to","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/assume-that-the-price-elasticity-of-demand-is-total-revenue-to\/","title":{"rendered":"Assume that the price elasticity of demand is&#8230;total revenue to"},"content":{"rendered":"<p>Assume that the price elasticity of demand is -0.75 for a certain firm&#8217;s product. If the firm lowers price, the firm&#8217;s managers can expect total revenue to<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-969","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"Assume that the price elasticity of demand is -0.75 for a certain firm's product. If the firm lowers price, the firm's managers can expect total revenue to\u00a0Decrease.","mcq_options":[{"right":"yes","answer":"Decrease"},{"right":"no","answer":"Increase"},{"right":"no","answer":" Remain constant"}],"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\/969","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=969"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=969"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=969"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}