Figure 5-10 -Refer to Figure 5-10.If Rectangle D Is Larger Than Rectangle

question 60

Multiple Choice

Figure 5-10
-Refer to Figure 5-10.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.

---

Definitions:

Savings

The portion of income not spent on consumption but reserved for future use; in psychology, it also refers to the reduction in time or effort to relearn a previously learned task.

Sequentially

In a sequential order or manner, where events, processes, or items follow one after another in a logical sequence.

Suspects

Individuals believed to possibly be involved in committing a crime or wrongdoing, but not yet proven guilty.

Free Recall

The process of retrieving information without the use of cues or prompts, in any order.