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Figure 5-6 -Refer to Figure 5-6.If the Price Decreased from $18 to Decreased

Question 223

Multiple Choice

Figure 5-6
Figure 5-6 -Refer to Figure 5-6.If the price decreased from $18 to $6,total revenue would A) increase by $1,200, and demand is elastic between points A and C. B) increase by $800, and demand is elastic between points A and C. C) decrease by $1,200, and demand is inelastic between points A and C. D) decrease by $800, and demand is inelastic between points A and C.
-Refer to Figure 5-6.If the price decreased from $18 to $6,total revenue would


A) increase by $1,200, and demand is elastic between points A and C.
B) increase by $800, and demand is elastic between points A and C.
C) decrease by $1,200, and demand is inelastic between points A and C.
D) decrease by $800, and demand is inelastic between points A and C.

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