Exhibit 5-8 -Which of the Following Is Not True in the Range

question 106

Multiple Choice

Exhibit 5-8
-Which of the following is not true in the range of the total revenue curve labeled A in Exhibit 5-8?

• A) Demand is inelastic.
• B) Total revenue is increasing.
• C) Total revenue is positive.
• D) Demand is elastic.
• E) Demand elasticity decreases as total revenue increases.

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