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-The Figure Above Represents the Behaviour of Total Revenue as Price

question 69

Multiple Choice

  -The figure above represents the behaviour of total revenue as price falls along a straight- line demand curve. What is the price elasticity of demand if total revenue is given by point f? A)  Demand is inelastic. B)  Demand is elastic. C)  Demand is unit elastic. D)  It is impossible to determine.
-The figure above represents the behaviour of total revenue as price falls along a straight- line demand curve. What is the price elasticity of demand if total revenue is given by point f?

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