Figure 54 Shows a Downward-Sloping Linear Demand Curve

question 131

Multiple Choice

Figure 5.4 shows a downward-sloping linear demand curve. Between points b and c in the figure below, price decreases by $1, quantity demanded increases by 10, _____.​ ​
Figure 5.4

• A)total revenue decreases by $1, and demand is elastic
• B)total revenue decreases by $1, and demand is inelastic
• C)total revenue increases by $40, and demand is elastic
• D)total revenue increases by $40, and demand is inelastic
• E)and total revenue increases by $80

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The acceptance and love a person receives from others, often considered critical in personal development and psychology.

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A yearly organized gathering for employees to socialize and relax outside of the work environment.

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Released from a hospital or medical care, indicating that the patient no longer requires in-patient care.