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    Principles of Macroeconomics Study Set 8
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    Exam 5: Elasticity and Its Applications: The Elasticity of Demand
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    Figure 5-8 -Refer to Figure 5-8.An Increase in Price from $10 to from $10
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Figure 5-8 -Refer to Figure 5-8.An Increase in Price from $10 to from $10

Question 217

Question 217

Multiple Choice

Figure 5-8 Figure 5-8   -Refer to Figure 5-8.An increase in price from $10 to $15 would A) increase total revenue by $1,000. B) decrease total revenue by $1,000. C) increase total revenue by $500. D) decrease total revenue by $500.
-Refer to Figure 5-8.An increase in price from $10 to $15 would


A) increase total revenue by $1,000.
B) decrease total revenue by $1,000.
C) increase total revenue by $500.
D) decrease total revenue by $500.

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