Figure 5-9 -Refer to Figure 5-9.A Decrease in Price from $15 to Price

question 367

Multiple Choice

Figure 5-9

-Refer to Figure 5-9.A decrease in price from $15 to $10 leads to a

• A) decrease in total revenue of $10, so the price elasticity of demand is greater than 1 in this price range.
• B) decrease in total revenue of $10, so the price elasticity of demand is less than 1 in this price range.
• C) decrease in total revenue of $20, so the price elasticity of demand is less than 1 in this price range.
• D) decrease in total revenue of $20, so demand is elastic in this price range.

---

Definitions:

Primary Root

The initial root that develops from a germinating seed, giving rise to the root system of a plant.

Hemicellulose

A polysaccharide found in plant cell walls alongside cellulose, providing structural support.

Cellulose

A complex carbohydrate composed of glucose units that form the main constituent of the cell wall in most plants, providing structural support.

Soluble

Capable of being dissolved in a solvent, typically water, to form a solution.