Multiple Choice
If the quantity of bananas sold increases by 5 percent when the price decreases by 10 percent, the price change occurs in the
A) bottom half of the downward-sloping straight-line demand curve and total revenue decreases from this price change.
B) bottom half of the downward-sloping straight-line demand curve and total revenue increases from this price change.
C) top half of the downward-sloping straight-line demand curve and total revenue decreases from this price change.
D) top half of the downward-sloping straight-line demand curve and total revenue increases from this price change.
Correct Answer:

Verified
Correct Answer:
Verified
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