Use the graph shown to answer the following questions.Put the correct letter(s)in the blank. 
a.The elastic section of the graph is represented by section from _______.
b.The inelastic section of the graph is represented by section from _______.
c.The unit elastic section of the graph is represented by section _______.
d.The portion of the graph in which a decrease in price would cause total revenue to fall would be from _________.
e.The portion of the graph in which a decrease in price would cause total revenue to rise would be from _________.
f.The portion of the graph in which a decrease in price would not cause a change in total revenue would be _________.
g.The section of the graph in which total revenue would be at a maximum would be _______.
h.The section of the graph in which elasticity is greater than 1 is _______.
i.The section of the graph in which elasticity is equal to 1 is ______.
j.The section of the graph in which elasticity is less than 1 is _______.
Definitions:
Senior Executives
High-level managers and officers within a company who are responsible for making crucial decisions and implementing strategies that shape the company's direction and success.
Conflict of Interest
A situation where an individual's personal interests could interfere with their professional duties or responsibilities, potentially leading to biased decisions.
Floating GAAP
Generally Accepted Accounting Principles that are adaptable and can change over time with financial reporting standards.
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