Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph A, at a price of $10, total revenue equals _____.Figure 4.1:
A)$250
B)$400
C)$500
D)$1,000
E)$150

Question

Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph A, at a price of $10, total revenue equals _____.Figure 4.1: 
A)$250 
B)$400 
C)$500 
D)$1,000 
E)$150

Quizplus · Accepted Answer

The Answer of Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph A, at a price of $10, total revenue equals _____.Figure 4.1: 
A)$250 
B)$400 
C)$500 
D)$1,000 
E)$150

Graph a Below Shows an Elastic Demand Curve, and Graph