When Price Was 5,quantity Demanded Was 10

question 81

Multiple Choice

When price was 5,quantity demanded was 10.When price increased to 6,quantity demanded decreased to 9.Therefore,when price increased,total revenue

• A) decreased from 54 to 50, indicating that demand is inelastic.
• B) decreased from 54 to 50, indicating that demand is elastic.
• C) increased from 50 to 54, indicating that demand is inelastic.
• D) increased from 50 to 54, indicating that demand is elastic.

---

Definitions:

Rehearsal

A cognitive process involving the repetitive review or practice of information to aid in its retention and recall.

Retrieval Cues

Stimuli or cues that assist in the recall of information stored in memory.

Recall

The cognitive process of retrieving information from memory, allowing for the conscious recollection of past experiences and knowledge.

Recognition

The cognitive process of identifying information that has been previously learned or experienced.