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Question 24

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Use the following to answer question: Use the following to answer question: -(Figure: The Demand Curve) Use Figure: The Demand Curve.Between prices $4 and $5,demand is _____,and total revenue will _____ if price increases. A) elastic;increase B) elastic;decrease C) inelastic;increase D) inelastic;decrease
-(Figure: The Demand Curve) Use Figure: The Demand Curve.Between prices $4 and $5,demand is _____,and total revenue will _____ if price increases.


A) elastic;increase
B) elastic;decrease
C) inelastic;increase
D) inelastic;decrease

Correct Answer:

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