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Use the Table Below to Answer the Following Question

Question 132

Multiple Choice

Use the table below to answer the following question.
Table 4.1.3
Use the table below to answer the following question. Table 4.1.3 -Refer to Table 4.1.3.The table shows the demand schedule for computer chips.As the price rises from $200 a chip to $300 a chip,total revenue ________.So at a price of $250 a chip,demand is ________. A) falls;inelastic B) rises;inelastic C) falls;rises D) rises;elastic E) rises;unit elastic
-Refer to Table 4.1.3.The table shows the demand schedule for computer chips.As the price rises from $200 a chip to $300 a chip,total revenue ________.So at a price of $250 a chip,demand is ________.


A) falls;inelastic
B) rises;inelastic
C) falls;rises
D) rises;elastic
E) rises;unit elastic

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