Use the graph below to answer the following questions. Put the correct letter in the blank.
a. The elastic section of the graph is represented by section _____.
b. The inelastic section of the graph is represented by section _____.
c. The unit elastic section of the graph is represented by section _____.
d. The portion of the graph in which a decrease in price would cause total revenue to fall is _____.
e. The portion of the graph in which a decrease in price would cause total revenue to rise is _____.
f. The portion of the graph in which a decrease in price would not cause a change in total revenue is _____.
g. The section of the graph in which total revenue would be at a maximum is _____.
h. The section of the graph in which elasticity is greater than one is _____.
i. The section of the graph in which elasticity is equal to one is _____.
j. The section of the graph in which elasticity is less than one is _____.

Question

Use the graph below to answer the following questions. Put the correct letter in the blank.
  a. The elastic section of the graph is represented by section _____.
b. The inelastic section of the graph is represented by section _____.
c. The unit elastic section of the graph is represented by section _____.
d. The portion of the graph in which a decrease in price would cause total revenue to fall is _____.
e. The portion of the graph in which a decrease in price would cause total revenue to rise is _____.
f. The portion of the graph in which a decrease in price would not cause a change in total revenue is _____.
g. The section of the graph in which total revenue would be at a maximum is _____.
h. The section of the graph in which elasticity is greater than one is _____.
i. The section of the graph in which elasticity is equal to one is _____.
j. The section of the graph in which elasticity is less than one is _____.

Quizplus · Accepted Answer

The Answer of Use the graph below to answer the following questions. Put the correct letter in the blank.
  a. The elastic section of the graph is represented by section _____.
b. The inelastic section of the graph is represented by section _____.
c. The unit elastic section of the graph is represented by section _____.
d. The portion of the graph in which a decrease in price would cause total revenue to fall is _____.
e. The portion of the graph in which a decrease in price would cause total revenue to rise is _____.
f. The portion of the graph in which a decrease in price would not cause a change in total revenue is _____.
g. The section of the graph in which total revenue would be at a maximum is _____.
h. The section of the graph in which elasticity is greater than one is _____.
i. The section of the graph in which elasticity is equal to one is _____.
j. The section of the graph in which elasticity is less than one is _____.

Use the Graph Below to Answer the Following Questions