Figure 5-6 -Refer to Figure 5-6.If the Price Decreased from $18 to from $18

Multiple Choice

Figure 5-6
-Refer to Figure 5-6.If the price decreased from $18 to $6,

A) total revenue would increase by $1,200,and demand is elastic between points A and C.
B) total revenue would increase by $800,and demand is elastic between points A and C.
C) total revenue would decrease by $1,200,and demand is inelastic between points A and C.
D) total revenue would decrease by $800,and demand is inelastic between points A and C.