Figure 5-1

-Refer to Figure 5-1.Assume the section of the demand curve labeled A corresponds to prices between $6 and $12.Then,when the price increases from $8 to $10,
A)the percent decrease in the quantity demanded exceeds the percent increase in the price.
B)the percent increase in the price exceeds the percent decrease in the quantity demanded.
C)sellers' total revenue increases as a result.
D)it is possible that the quantity demanded fell from 550 to 500 as a result.

Question

Figure 5-1
 
-Refer to Figure 5-1.Assume the section of the demand curve labeled A corresponds to prices between $6 and $12.Then,when the price increases from $8 to $10,
A)the percent decrease in the quantity demanded exceeds the percent increase in the price. 
B)the percent increase in the price exceeds the percent decrease in the quantity demanded. 
C)sellers' total revenue increases as a result. 
D)it is possible that the quantity demanded fell from 550 to 500 as a result.

Quizplus · Accepted Answer

The percent decrease in the quantity demanded is greater than the percent increase in the price.

Figure 5-1 -Refer to Figure 5-1.Assume the Section of the Demand Curve