Exhibit 5.5 -Refer to Exhibit 5.5,which Shows the Total Revenue Curve for Total

question 173

Multiple Choice

Exhibit 5.5

-Refer to Exhibit 5.5,which shows the total revenue curve for a firm.Which of the following statements is true in the range of the total revenue curve labeled A?

• A)Demand is elastic.
• B)Demand is inelastic.
• C)Demand is unit elastic.
• D)Demand is perfectly inelastic.
• E)Demand is perfectly elastic.

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Bar Chart

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