Exhibit 5-7 Which of the following is true between points g and h in Exhibit 5-7?
A)Total revenue remains constant at $180.
B)Total revenue falls by $12.
C)Total revenue falls by $60.
D)Total revenue falls by $180.
E)Demand is elastic.

Question

Exhibit 5-7  Which of the following is true between points g and h in Exhibit 5-7?
A)Total revenue remains constant at $180. 
B)Total revenue falls by $12. 
C)Total revenue falls by $60. 
D)Total revenue falls by $180. 
E)Demand is elastic.

Quizplus · Accepted Answer

The Answer of Exhibit 5-7  Which of the following is true between points g and h in Exhibit 5-7?
A)Total revenue remains constant at $180. 
B)Total revenue falls by $12. 
C)Total revenue falls by $60. 
D)Total revenue falls by $180. 
E)Demand is elastic.

Exhibit 5-7 Which of the Following Is True Between