Figure 5-12 -Refer to Figure 5-12.If the Price Decreased from $36 to from $36

question 214

Multiple Choice

Figure 5-12
-Refer to Figure 5-12.If the price decreased from $36 to $12,total revenue would

• A)increase by $4,800,and demand is elastic between points X and Z.
• B)increase by $7,200,and demand is elastic between points X and Z.
• C)decrease by $4,800,and demand is inelastic between points X and Z.
• D)decrease by $7,200,and demand is inelastic between points X and Z.

---

Definitions:

Dividend Yield Ratio

A financial ratio that measures how much a company pays out in dividends each year relative to its stock price.

Net Operating Income

A financial metric that denotes a company’s income after subtracting operating expenses but before interest and taxes.

Total Common Stock

The aggregate value or amount of all shares of common stock issued by a company.

Net Income Before Taxes

A financial measure showing a company's profitability after accounting for all expenses except taxes.