The task of the appellate court is to determine whether or not the law was correctly applied in the trial court. Appeals courts have three judges and no jury.
In India, what exactly is an appeal court?
The ability of a court to hear/review a case decided by a lower court is referred to as appellate jurisdiction. Both the Supreme Court and the High Courts have appellate jurisdiction in India. They have the authority to reverse or uphold lower court rulings. The first appeal is made to an officer designated by the public authority as the First Appellate Authority within the public authority itself. The CPIO has less authority than the First Appellate Authority. The Central Information Commission will consider the second appeal.
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State whether total revenue rises or falls in each of the following situations: A. Demand is elastic and price increases. B. Demand is inelastic and price decreases. C. Demand is elastic and price decreases. D. Demand is inelastic and price increases.
Total revenue is the total amount of money a seller can earn from offering clients goods or services. Hence, in the given situation: (A) Revenue decreases. (B) Revenue increases. (C) Revenue increases. (D) Revenue decreases.
What is revenue?The whole amount of money a seller can make by providing goods or services to customers is known as total revenue.
The formula for this is P * Q, or the purchase price times the quantity of the products sold.
An indefinitely elastic demand curve is presented to a corporation that is perfectly competitive.
In other words, the market price is the only price at which it may be sold.
At any lower price, it could sell the same quantity at the going rate and yet make more money, whereas, at any higher price, nobody would purchase any quantity.
The market price multiplied by the amount that the business decides to manufacture and sell equals total revenue.
So, in the given situation:
(A) Revenue decreases.
(B) Revenue increases.
(C) Revenue increases.
(D) Revenue decreases.
Therefore, total revenue is the total amount of money a seller can earn from offering clients goods or services. Hence, in the given situation: (A) Revenue decreases. (B) Revenue increases. (C) Revenue increases. (D) Revenue decreases.
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