If the price elasticity of demand for canned soup is estimated at minus1.62. what happens to sales revenue if the price of canned soup rises

If the price of canned soup rises, sales revenue shall drop.

Explanation:

The elasticity of demand in this case is -1.62, thereby it is relatively elastic.

Out of the above, the percentage change in quantity demand is less compared to that of price thereby when the price of canned soup rises then the total revenue drops.

When the price of canned soup falls then the total revenue rises.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total