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Exhibit 5-8 -Which of the Following Is Not True in the Range

Question 87

Multiple Choice

Exhibit 5-8 Exhibit 5-8 -Which of the following is not true in the range of the total revenue curve labeled A in Exhibit 5-8? A) Demand is inelastic. B) Total revenue is increasing. C) Total revenue is positive. D) Demand is elastic. E) Demand elasticity decreases as total revenue increases.
-Which of the following is not true in the range of the total revenue curve labeled A in Exhibit 5-8?


A) Demand is inelastic.
B) Total revenue is increasing.
C) Total revenue is positive.
D) Demand is elastic.
E) Demand elasticity decreases as total revenue increases.

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