Multiple Choice
Use the following to answer question: 
-(Figure: The Demand for e-Books) If the price of e-Books decreases from $6 to $4,total revenue _____,which means that demand is _____.
A) changes from $60 to $90;elastic
B) remains constant;unit-elastic
C) changes from $240 to $360;elastic
D) changes from $40 to $50;inelastic
Correct Answer:
Verified
Correct Answer:
Verified
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