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Exhibit 5-2 -Based on the Information in Exhibit 5-2, the Demand for 5-2

Question 198

Multiple Choice

Exhibit 5-2
Exhibit 5-2 -Based on the information in Exhibit 5-2, the demand for the good is __________ and an increase in price from $40 to $60 per unit will __________ total revenue. A) unit elastic; increase B) elastic; decrease. C) unit elastic; not change D) inelastic; increase E) elastic; decrease
-Based on the information in Exhibit 5-2, the demand for the good is __________ and an increase in price from $40 to $60 per unit will __________ total revenue.


A) unit elastic; increase
B) elastic; decrease.
C) unit elastic; not change
D) inelastic; increase
E) elastic; decrease

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