Exhibit 5-8 Which of the Following Is Not True

question 203

Multiple Choice

Exhibit 5-8 Which of the following is not true in the range of the total revenue curve labeled A in Exhibit 5-8?

• A)Demand is inelastic.
• B)Total revenue is increasing.
• C)Total revenue is positive.
• D)Demand is elastic.
• E)Demand elasticity decreases as total revenue increases.

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