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.

---

Definitions:

Delegation

The act of assigning responsibility and authority to someone else to carry out specific activities while maintaining accountability.

Authority

The legitimate power given to an individual or organization to make decisions, enforce obedience, and implement policies.

Final Choice

The ultimate decision made after considering all options and outcomes.

Routine Decisions

Decisions that are made frequently, following established policies or procedures with predictable outcomes.