Multiple Choice
Exhibit 5.3
-Refer to Exhibit 5.3,which shows a linear demand curve.As you move from point A to point B along the demand curve,total revenue _____ and the demand is _____.
A) stays the same; unitary
B) decreases; inelastic
C) increases; elastic
D) decreases; elastic
E) increases, inelastic
Correct Answer:
Verified
Correct Answer:
Verified
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