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

question 61

Multiple Choice

Suppose 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 2 units to 3 units.
• B)elastic for price declines that increase quantity demanded from 5 units to 6 units.
• C)unit elastic for price increases that reduce quantity demanded from 5 units to 4 units.
• D)inelastic for price increases that reduce quantity demanded from 4 units to 3 units.

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