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Use the Figure Below to Answer the Following Question

Question 153

Multiple Choice

Use the figure below to answer the following question. Use the figure below to answer the following question.   Figure 4.1.3 -Given the relationship shown in Figure 4.1.3 between total revenue from the sale of a good and the quantity of the good sold,then A) this is an inferior good. B) this is a normal good. C) the price elasticity of demand is zero. D) demand for this good is perfectly elastic. E) the price elasticity of demand is 1. Figure 4.1.3
-Given the relationship shown in Figure 4.1.3 between total revenue from the sale of a good and the quantity of the good sold,then


A) this is an inferior good.
B) this is a normal good.
C) the price elasticity of demand is zero.
D) demand for this good is perfectly elastic.
E) the price elasticity of demand is 1.

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