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Graph a Below Shows an Elastic Demand Curve, and Graph

Question 23

Multiple Choice

Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph B, 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 B, at a price of $20, total revenue equals _____.Figure 4.1: A) $200 B) $300 C) $250 D) $150 E) $100


A) $200
B) $300
C) $250
D) $150
E) $100

Correct Answer:

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