Exhibit 5-6 -We Can Tell That Demand Is Elastic as Price Increases

Multiple Choice

Exhibit 5-6

-We can tell that demand is elastic as price increases between point b and point a in Exhibit 5-6 because:

A) Quantity demanded is decreasing
B) Total revenue is increasing
C) Total revenue is decreasing
D) Total revenue is unchanged
E) Demand curve slopes downward