Graph a Below Shows an Elastic Demand Curve, and Graph

question 23

Multiple Choice

Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph B, at a price of $20, total revenue equals _____.Figure 4.1:

• A)$200
• B)$300
• C)$250
• D)$150
• E)$100

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