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Graph a Below Shows an Elastic Demand Curve, and Graph

Question 16

Multiple Choice

Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph A, at a price of $20, total revenue equals _____.Figure 4.1: Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph A, at a price of $20, total revenue equals _____.Figure 4.1: A) $400 B) $200 C) $500 D) $1,000 E) $100


A) $400
B) $200
C) $500
D) $1,000
E) $100

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