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Question 194

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Use the following to answer questions:
Figure: The Demand Curve Use the following to answer questions: Figure: The Demand Curve -(Figure: The Demand Curve) Look at the figure The Demand Curve. Between prices $4 and $5, demand is _____, and total revenue will _____ if price increases. A) elastic; increase B) elastic; decrease C) inelastic; increase D) inelastic; decrease
-(Figure: The Demand Curve) Look at the figure The Demand Curve. Between prices $4 and $5, demand is _____, and total revenue will _____ if price increases.


A) elastic; increase
B) elastic; decrease
C) inelastic; increase
D) inelastic; decrease

Correct Answer:

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