Exhibit 5-5
-In Exhibit 5-5, what is the total revenue to the right of point a?
A) equal to $50, if demand is price inelastic
B) less than $50, if demand is price elastic
C) equal to $50, if demand is unitary elastic
D) more than $50, if demand is price inelastic
E) not enough information to tell

Question

Exhibit 5-5 
-In Exhibit 5-5, what is the total revenue to the right of point a?
A) equal to $50, if demand is price inelastic 
B) less than $50, if demand is price elastic 
C) equal to $50, if demand is unitary elastic 
D) more than $50, if demand is price inelastic 
E) not enough information to tell

Quizplus · Accepted Answer

The Answer of Exhibit 5-5 
-In Exhibit 5-5, what is the total revenue to the right of point a?
A) equal to $50, if demand is price inelastic 
B) less than $50, if demand is price elastic 
C) equal to $50, if demand is unitary elastic 
D) more than $50, if demand is price inelastic 
E) not enough information to tell

Exhibit 5-5 -In Exhibit 5-5, What Is the Total Revenue to the Revenue