At a Price of $11, Quantity Demanded Is 90; and at a Price

question 170

Multiple Choice

At a price of $11, quantity demanded is 90; and at a price of $9, quantity demanded is 110. Since total revenue ________ by the price decrease, demand must be ________.

• A) is increased; elastic
• B) is decreased; inelastic
• C) is unchanged; unit elastic
• D) is unchanged; elastic

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