{"id":984,"date":"2017-10-20T17:34:43","date_gmt":"2017-10-20T11:34:43","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/the-price-elasticity-of-demand-is-2-0-for-a-revenue-to\/"},"modified":"2017-10-20T17:34:43","modified_gmt":"2017-10-20T11:34:43","slug":"the-price-elasticity-of-demand-is-2-0-for-a-revenue-to","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/the-price-elasticity-of-demand-is-2-0-for-a-revenue-to\/","title":{"rendered":"The price elasticity of demand is -2.0 for a &#8230;. revenue to"},"content":{"rendered":"<p><span class=\"tx\">The price elasticity of demand is -2.0 for a certain firm&#8217;s product. If the firm raises price,<\/span><span class=\"tx\">the firm manager can expect total revenue to<\/span><\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-984","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"<span class=\"tx\">The price elasticity of demand is -2.0 for a certain firm's product. If the firm raises price,<\/span><span class=\"tx\">the firm manager can expect total revenue to\u00a0Decrease.<\/span>","mcq_options":[{"right":"yes","answer":" Decrease"},{"right":"no","answer":" Increase"},{"right":"no","answer":"Remain constant"},{"right":"no","answer":" Either increase or remain constant, depending upon the size of the price increase"}],"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\/984","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=984"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=984"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=984"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}