Figure 5-11 -Refer to Figure 5-11.If the Price Rises from Point D

question 306

Multiple Choice

Figure 5-11

-Refer to Figure 5-11.If the price rises from point D to point C,total revenue

• A) increases, and demand is price elastic.
• B) decreases, and demand is price elastic.
• C) increases, and demand is price inelastic.
• D) decreases, and demand is price inelastic.

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