Exhibit 4-A -Refer to Exhibit 4-A.Elasticity Varies Along a Linear Demand Curve.Graph

Multiple Choice

Exhibit 4-A
-Refer to Exhibit 4-A.Elasticity varies along a linear demand curve.Graph A represents the section of the curve where:

A) the curve is inelastic.
B) E_d is < 1.
C) starting at P₂, a decrease in price will lead to a decrease in total revenue.
D) all of the above are correct.
E) none of the above are correct.