Suppose That the Total-Revenue Curve Is Derived from a Particular

question 350

Multiple Choice

Suppose that the total-revenue curve is derived from a particular linear demand curve. That demand curve must be

• A)inelastic for price declines that increase quantity demanded from 6 units to 7 units.
• B)elastic for price declines that increase quantity demanded from 6 units to 7 units.
• C)inelastic for price increases that reduce quantity demanded from 4 units to 3 units.
• D)elastic for price increases that reduce quantity demanded from 8 units to 7 units.

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