Multiple Choice
Use the following to answer questions:
Figure: The Demand for Notebook Computers
-(Figure: Demand for Notebook Computers) Look at the figure The Demand for Notebook Computers. The change in total revenue resulting from a change in price from P to T suggests that demand is:
A) inelastic.
B) price-elastic.
C) price-inelastic.
D) price unit-elastic.
Correct Answer:

Verified
Correct Answer:
Verified
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