Figure 5-12 -Refer to Figure 5-12.If the Price Decreased from $36 to from $36

question 214

Multiple Choice

Figure 5-12
-Refer to Figure 5-12.If the price decreased from $36 to $12,total revenue would

• A)increase by $4,800,and demand is elastic between points X and Z.
• B)increase by $7,200,and demand is elastic between points X and Z.
• C)decrease by $4,800,and demand is inelastic between points X and Z.
• D)decrease by $7,200,and demand is inelastic between points X and Z.