Table 5.2
$\begin{array}{c}
\begin{array}{lll}
\
\text {Old}\
\text {New}
\end{array}
\begin{array}{lll}
\text {Quantity}\
\hline 20\
10
\end{array}
\begin{array}{lll}
\text{ Price}\
\hline \$ 40 \
\$ 60
\end{array}
\end{array}$

-Refer to Table 5.2,which shows the price and quantity combinations for a product.The demand for the good is _____,and an increase in the price of the product from $40 to $60 per unit will _____ total revenue.
A)unit elastic; increase
B)elastic; decrease
C)unit elastic; not change
D)inelastic; increase.
E)elastic; decrease.

Question

Table 5.2
 $\begin{array}{c}
\begin{array}{lll}
\
  \text {Old}\
  \text {New}
\end{array}
\begin{array}{lll}
\text {Quantity}\
\hline 20\
10
\end{array}
\begin{array}{lll}
\text{ Price}\
\hline \$ 40 \
 \$ 60 
\end{array}
\end{array}$

-Refer to Table 5.2,which shows the price and quantity combinations for a product.The demand for the good is _____,and an increase in the price of the product from $40 to $60 per unit will _____ total revenue.
A)unit elastic; increase
B)elastic; decrease
C)unit elastic; not change
D)inelastic; increase.
E)elastic; decrease.

Quizplus · Accepted Answer

The Answer of Table 5.2
 $\begin{array}{c}
\begin{array}{lll}
\
  \text {Old}\
  \text {New}
\end{array}
\begin{array}{lll}
\text {Quantity}\
\hline 20\
10
\end{array}
\begin{array}{lll}
\text{ Price}\
\hline \$ 40 \
 \$ 60 
\end{array}
\end{array}$

-Refer to Table 5.2,which shows the price and quantity combinations for a product.The demand for the good is _____,and an increase in the price of the product from $40 to $60 per unit will _____ total revenue.
A)unit elastic; increase
B)elastic; decrease
C)unit elastic; not change
D)inelastic; increase.
E)elastic; decrease.

Table 52 -Refer to Table 5