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Figure 5-7 the Following Graph Shows the Linear Demand Curve for a for a Particular

Question 92

Multiple Choice

Figure 5-7
The following graph shows the linear demand curve for a particular good. Figure 5-7 The following graph shows the linear demand curve for a particular good. -Refer to Figure 5-7.For prices below $6,demand is price A) elastic,and total revenue will rise as price rises. B) inelastic,and total revenue will rise as price rises. C) elastic,and total revenue will fall as price rises. D) inelastic,and total revenue will fall as price rises.
-Refer to Figure 5-7.For prices below $6,demand is price


A) elastic,and total revenue will rise as price rises.
B) inelastic,and total revenue will rise as price rises.
C) elastic,and total revenue will fall as price rises.
D) inelastic,and total revenue will fall as price rises.

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