Figure 5-6 -Refer to Figure 5-6.If Price Decreases from $15 to $10,what

question 174

Multiple Choice

Figure 5-6

-Refer to Figure 5-6.If price decreases from $15 to $10,what will happen to total revenue,and what does this tell us about demand

• A)It will decrease by $5, so demand must be inelastic.
• B)It will decrease by $20, so demand must be inelastic.
• C)It will increase by $10, so demand must be elastic.
• D)It will increase by $20, so demand must be elastic.

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