Figure 5-12 -Refer to Figure 5-12.If Rectangle D Is Larger Than Rectangle

Multiple Choice

Figure 5-12

-Refer to Figure 5-12.If rectangle D is larger than rectangle A,then

A) demand is elastic between prices P1 and P2.
B) a decrease in price from P2 to P1 will cause an increase in total revenue.
C) the magnitude of the percent change in price between P1 and P2 is smaller than the magnitude of the corresponding percent change in quantity demanded.
D) All of the above are correct.