Multiple Choice
Use the following to answer question(s) : Demand and Price Elasticity 2
-(Exhibit: Demand and Price Elasticity 2) From the graph it can be seen that, along a given segment of the demand curve, if price falls and total revenue _________, then demand is price elastic.
A) increases
B) decreases
C) stays the same
D) decreases at first and then increases
Correct Answer:
Verified
Correct Answer:
Verified
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