Figure 5-7 -Refer to Figure 5-7.If Rectangle D Is Larger Than Rectangle

question 185

Multiple Choice

Figure 5-7

-Refer to Figure 5-7.If rectangle D is larger than rectangle A,then

• A)demand is elastic between prices P₁ and P₂.
• B)a decrease in price from P₂ to P₁ will cause an increase in total revenue.
• C)the magnitude of the percent change in price between P₁ and P₂ is smaller than the magnitude of the corresponding percent change in quantity demanded.
• D)All of the above are correct.

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