) Between points b and c in Exhibit 57, price decreases by $1, quantitydemanded increases by 10,
A)total revenue decreases by $1, and demand is elastic
B)total revenue decreases by $1, and demand is inelastic
C)total revenue increases by $40, and demand is elastic
D)total revenue increases by $40, and demand is inelastic
E)and total revenue increases by $80

Question

)  Between points b and c in Exhibit 5­7, price decreases by $1, quantitydemanded increases by 10,
A)total revenue decreases by $1, and demand is elastic 
B)total revenue decreases by $1, and demand is inelastic 
C)total revenue increases by $40, and demand is elastic 
D)total revenue increases by $40, and demand is inelastic 
E)and total revenue increases by $80

Quizplus · Accepted Answer

The Answer of )  Between points b and c in Exhibit 5­7, price decreases by $1, quantitydemanded increases by 10,
A)total revenue decreases by $1, and demand is elastic 
B)total revenue decreases by $1, and demand is inelastic 
C)total revenue increases by $40, and demand is elastic 
D)total revenue increases by $40, and demand is inelastic 
E)and total revenue increases by $80

) Between Points B and C in Exhibit 5­7

) Between Points B and C in Exhibit 57