Multiple Choice
) 
Which of the following statements is true in the range of the total revenuecurve labeled B in Exhibit 58?
A) Demand is elastic.
B) Demand is inelastic.
C) Demand is unit elastic.
D) We cannot tell anything about elasticity of demand because this is a total revenue curve.
E) Demand is perfectly elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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