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.

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Definitions:

Customer Service

The help and service offered by a business to its customers who purchase or utilize its products or services.

Justification/Recommendation Report

A document that evaluates options and suggests the best course of action based on evidence and reasoning.

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