Figure 4.2
-In Figure 4.2 at quantities larger than Q₁
A) total revenue is rising.
B) price elasticity is less than 1.
C) price and total revenue are directly related.
D) all of the above

Question

Figure 4.2
-In Figure 4.2 at quantities larger than Q₁
A) total revenue is rising. 
B) price elasticity is less than 1. 
C) price and total revenue are directly related. 
D) all of the above

Quizplus · Accepted Answer

The Answer of  Figure 4.2
-In Figure 4.2 at quantities larger than Q₁
A) total revenue is rising. 
B) price elasticity is less than 1. 
C) price and total revenue are directly related. 
D) all of the above

Figure 4.2 -In Figure 4.2 at Quantities Larger Than Q₁