Figure 5-6 -Refer to Figure 5-6.If Price Decreases from $15 to $10,what

Multiple Choice

Figure 5-6

-Refer to Figure 5-6.If price decreases from $15 to $10,what will happen to total revenue,and what does this tell us about demand

A) It will decrease by $5, so demand must be inelastic.
B) It will decrease by $20, so demand must be inelastic.
C) It will increase by $10, so demand must be elastic.
D) It will increase by $20, so demand must be elastic.