We can tell that demand is elastic as price falls between point a and point bin Exhibit 56 because
A)quantity demanded is increasing
B)total revenue is increasing
C)total revenue is decreasing
D)total revenue is unchanged
E)the demand curve slopes downward

Question

We can tell that demand is elastic as price falls between point a and point bin Exhibit 5­6 because
A)quantity demanded is increasing 
B)total revenue is increasing 
C)total revenue is decreasing 
D)total revenue is unchanged 
E)the demand curve slopes downward

Quizplus · Accepted Answer

The Answer of  We can tell that demand is elastic as price falls between point a and point bin Exhibit 5­6 because
A)quantity demanded is increasing 
B)total revenue is increasing 
C)total revenue is decreasing 
D)total revenue is unchanged 
E)the demand curve slopes downward

We Can Tell That Demand Is Elastic as Price Falls