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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