Use the Table Below to Answer the Following Question

question 132

Multiple Choice

Use the table below to answer the following question.
Table 4.1.3

-Refer to Table 4.1.3.The table shows the demand schedule for computer chips.As the price rises from $200 a chip to $300 a chip,total revenue ________.So at a price of $250 a chip,demand is ________.

• A)falls;inelastic
• B)rises;inelastic
• C)falls;rises
• D)rises;elastic
• E)rises;unit elastic

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Definitions:

Bribery

The act of giving or receiving something of value in exchange for some kind of influence or action in return, which is usually considered unethical or illegal.

Underage Drinking

The consumption of alcoholic beverages by individuals under the legal drinking age.

Refused

When a request, offer, or proposal is not accepted or denied by the receiving party.

Federal Organizational Corporate Sentencing Guidelines

Rules established to determine the sentencing for corporations found guilty of federal offenses, aiming to structure penalties and encourage compliance and ethical conduct.