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Figure: Price Decrease and Elasticity Refer to the Figure

question 2

Multiple Choice

Figure: Price Decrease and Elasticity Figure: Price Decrease and Elasticity   Refer to the figure. If price decreases from $20 to $10, total revenue will: A)  decrease by $1,500, so the demand curve is inelastic. B)  decrease by $2,500, so the demand curve is inelastic. C)  increase by $1,500, so the demand curve is elastic. D)  increase by $2,500, so the demand curve is elastic. Refer to the figure. If price decreases from $20 to $10, total revenue will:

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