Suppose demand for a product is elastic at a given price. what will happen to the company's total revenue if it raises the price of that product? why?

The elasticity or non-elasticity of the demand for a product depends on whether the demand for the product decreases or not with the price increase.   If the increase in the price of the product causes an increase in revenue, then the demand is inelastic because demand does not depend on the price increase. If the increase in price causes a decrease in revenue, then demand is elastic, as the increase in price has an impact on quantity demanded.

The suppose demand for the product is elastic, and the company raises the price of the product, the revenues will be reduced.

new communications technology has affected the way social movements are organized because nowadays, social movements rely on social networks and the media to get different people with a similar way of thinking in contact, and thus, get them to mobilize for a greater cause.

individuals only participate in collective action when they feel identified with it. is in this aspect that social media becomes relevant, because it guarantees communication among all individuals and organizes the social actions that are going to be carried out, i.e., the social movements.

in addition, being covered by the media is important to validate the message and make it relevant in the social agenda, as well as to reach more people who can share interests, appealing to public sympathy for their cause.

in conclusion, it is by social networks and social media that social movement is given birth; by connecting different individuals with similar ideas and organizing them to mobilize for a greater cause.