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

question 109

Multiple Choice

Figure 5-5

-Refer to Figure 5-5. 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.

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Definitions:

Attracting Factors

Elements or characteristics that draw interest, attention, or a positive response from others.

Prostitute

A person who engages in sexual activity for payment.

Adultery

A voluntary sexual relationship between a married person and someone other than their lawful spouse.

Affairs

Secretive relationships involving emotional or sexual intimacy with someone other than a person's committed partner or spouse.