Refer to the graph, which shows a total revenue curve for a monopolist. If total revenue declines as output expands, demand is
A)elastic.
B)inelastic.
C)perfectly inelastic.
D)perfectly elastic.

Question

Refer to the graph, which shows a total revenue curve for a monopolist. If total revenue declines as output expands, demand is
A)elastic. 
B)inelastic. 
C)perfectly inelastic. 
D)perfectly elastic.

Quizplus · Accepted Answer

The Answer of  Refer to the graph, which shows a total revenue curve for a monopolist. If total revenue declines as output expands, demand is
A)elastic. 
B)inelastic. 
C)perfectly inelastic. 
D)perfectly elastic.

Refer to the Graph, Which Shows a Total Revenue Curve