Figure 5-1 -Refer to Figure 5-1.Assume the Section of the Demand Curve

question 121

Multiple Choice

Figure 5-1

-Refer to Figure 5-1.Assume the section of the demand curve labeled A corresponds to prices between $6 and $12.Then,when the price increases from $8 to $10,

• A)the percent decrease in the quantity demanded exceeds the percent increase in the price.
• B)the percent increase in the price exceeds the percent decrease in the quantity demanded.
• C)sellers' total revenue increases as a result.
• D)it is possible that the quantity demanded fell from 550 to 500 as a result.

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