Use the Following for Questions 128-130

question 186

Multiple Choice

Use the following for questions 128-130.
Exhibit: Nonlinear Demand Curve

-(Exhibit: Nonlinear Demand Curve) The values for quantity demanded along this nonlinear demand curve are given by the formula Q = 24/P.It:

• A) displays the same percentage changes in quantity as the percentage changes in price, for all price changes shown in the exhibit.
• B) has lower total revenue as price falls.
• C) is price elastic throughout.
• D) is price inelastic throughout.

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