Essay
Figure: The Market for e-Books
(Figure: The Market for e-Books) If the price of e-Books decreases from $6 to $4, total revenue changes from _______ to _______, which means that demand is _.
A.$240; $200; elastic
B.$240; $200; inelastic
C.$180; $240; elastic
D.$40 to $50; inelastic
Correct Answer:
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