When Price Was 6,quantity Demanded Was 10

question 103

Multiple Choice

When price was 6,quantity demanded was 10.When price decreased to 5,quantity demanded increased to 13.Therefore,when price decreased,total revenue

• A) decreased from 65 to 60, indicating that demand is inelastic.
• B) decreased from 65 to 60, indicating that demand is elastic.
• C) increased from 60 to 65, indicating that demand is inelastic.
• D) increased from 60 to 65, indicating that demand is elastic.

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Definitions:

Expressive

Demonstrating one's thoughts, feelings, or emotions openly and clearly through words, actions, or art.

Cognitive

Relating to the mental processes of perception, memory, judgment, and reasoning, as contrasted with emotional and volitional processes.

Regulator

Factors or mechanisms that control, govern, or adjust a process or system.

Illustrator

Non-verbal cues or gestures used to accentuate or complement verbal messages, often enhancing communication effectiveness.