Figure 5-4 -Refer to Figure 5-4. If Rectangle D Is Larger Than

question 173

Multiple Choice

Figure 5-4

-Refer to Figure 5-4. If rectangle D is larger than rectangle A, then which of the following is not correct?

• A)Demand is elastic between prices P₁ and P₂.
• B)A decrease in price from P₂ to P₁ will cause an increase in total revenue.
• C)The magnitude of the percentage change in price between P₁ and P₂ is smaller than the magnitude of the corresponding percent change in quantity demanded.
• D)An increase in price from P₁ to P₂ will cause an increase in total revenue.

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Solicited Application Letter

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The skill of posing questions in a considerate and non-offensive manner.