Use the Table Below to Answer the Following Question

question 31

Multiple Choice

Use the table below to answer the following question.
Table 4.1.4

-Refer to Table 4.1.4. 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:

Word-Superiority Effect

A phenomenon where words are more easily recognized and processed than individual letters or non-words in reading and perception tasks.

Whole-Word Method

An approach to teaching reading that emphasizes the recognition of words as whole units rather than as a sequence of letters and sounds.

Intellectual Skills

Abilities related to thinking, reasoning, and problem-solving.

Morpheme

The smallest grammatical unit in a language, incapable of further division, that carries meaning; examples include root words, prefixes, and suffixes.