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Figure: Price Increase and Elasticity Refer to the Figure

Question 155

Multiple Choice

Figure: Price Increase and Elasticity Figure: Price Increase and Elasticity Refer to the figure. If price increases from $10 to $20, total revenue will: A) increase by $800 so the demand curve must be inelastic. B) increase by $100 so the demand curve must be inelastic. C) decrease by $800 so the demand curve must be elastic. D) decrease by $100 so the demand curve must be elastic. Refer to the figure. If price increases from $10 to $20, total revenue will:


A) increase by $800 so the demand curve must be inelastic.
B) increase by $100 so the demand curve must be inelastic.
C) decrease by $800 so the demand curve must be elastic.
D) decrease by $100 so the demand curve must be elastic.

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