Figure 5-5 -Refer to Figure 5-5. If the Price Decreased from $36

Multiple Choice

Figure 5-5

-Refer to Figure 5-5. If the price decreased from $36 to $12, total revenue would

A) increase by $4,800, and demand is elastic between points X and Z.
B) increase by $7,200, and demand is elastic between points X and Z.
C) decrease by $4,800, and demand is inelastic between points X and Z.
D) decrease by $7,200, and demand is inelastic between points X and Z.