Figure 5-12 -Refer to Figure 5-12. If Rectangle D Is Larger Than

question 302

Multiple Choice

Figure 5-12
-Refer to Figure 5-12. 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.