Use the Following to Answer Question(s): Demand and Price Elasticity

question 147

Multiple Choice

Use the following to answer question(s) : Demand and Price Elasticity 2

-(Exhibit: Demand and Price Elasticity 2) From the graph it can be seen that, along a given segment of the demand curve, if price falls and total revenue _________, then demand is price elastic.

• A) increases
• B) decreases
• C) stays the same
• D) decreases at first and then increases

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