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Refer to the Diagram

Question 389

Multiple Choice

Refer to the diagram. If price falls from $10 to $2, total revenue A) rises from A + B to A + B + D + C, and demand is elastic. B) falls from A + D to B + C, and demand is inelastic. C) rises from C + D to B + A, and demand is elastic. D) falls from A + B to B + C, and demand is inelastic. Refer to the diagram. If price falls from $10 to $2, total revenue


A) rises from A + B to A + B + D + C, and demand is elastic.
B) falls from A + D to B + C, and demand is inelastic.
C) rises from C + D to B + A, and demand is elastic.
D) falls from A + B to B + C, and demand is inelastic.

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