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Exhibit 5.4 -Refer to Exhibit 5.4,which Shows a Downward-Sloping Linear Demand Curve.Between

Question 76

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Exhibit 5.4
Exhibit 5.4 -Refer to Exhibit 5.4,which shows a downward-sloping linear demand curve.Between points b and c price decreases by $1,quantity demanded increases by 10 units,_____ A) total revenue decreases by $1, and demand is elastic. B) total revenue decreases by $1, and demand is inelastic. C) total revenue increases by $40, and demand is elastic. D) total revenue increases by $40, and demand is inelastic. E) and total revenue increases by $80.
-Refer to Exhibit 5.4,which shows a downward-sloping linear demand curve.Between points b and c price decreases by $1,quantity demanded increases by 10 units,_____


A) total revenue decreases by $1, and demand is elastic.
B) total revenue decreases by $1, and demand is inelastic.
C) total revenue increases by $40, and demand is elastic.
D) total revenue increases by $40, and demand is inelastic.
E) and total revenue increases by $80.

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