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-Use the Above Figure

question 127

Multiple Choice

  -Use the above figure. When the price increases from $2 to $10, total revenue A)  increases from areas A + B to areas B + C and demand is inelastic. B)  increases from areas B + C to areas A + B and demand is inelastic. C)  increases from areas B + C to areas A + D and demand is elastic. D)  increases from areas C + D to areas B + A and demand is elastic.
-Use the above figure. When the price increases from $2 to $10, total revenue


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