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Exhibit 5-28 Consider Exhibit 5-28

Question 106

Multiple Choice

Exhibit 5-28 Exhibit 5-28 Consider Exhibit 5-28.When supply increase from S<sub>1</sub> to S<sub>2</sub>, total revenue increases from $275 to $300.This means that demand must be A) perfectly elastic B) elastic C) perfectly inelastic D) inelastic E) unit elastic Consider Exhibit 5-28.When supply increase from S1 to S2, total revenue increases from $275 to $300.This means that demand must be


A) perfectly elastic
B) elastic
C) perfectly inelastic
D) inelastic
E) unit elastic

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