Figure 5-9 -Refer to Figure 5-9.A Decrease in Price from $15 to from $15

Multiple Choice

Figure 5-9
-Refer to Figure 5-9.A decrease in price from $15 to $10 leads to

A) a decrease in total revenue of $10,so the price elasticity of demand is greater than 1 in this price range.
B) a decrease in total revenue of $10,so the price elasticity of demand is less than 1 in this price range.
C) a decrease in total revenue of $20,so the price elasticity of demand is less than 1 in this price range.
D) a decrease in total revenue of $20,so demand is elastic in this price range.