Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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