Exhibit 5.3 -Refer to Exhibit 5.3 Which Shows a Linear Demand Curve.As

Multiple Choice

Exhibit 5.3

-Refer to Exhibit 5.3 which shows a linear demand curve.As you move from point B to point C 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