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Exhibit 5-5 in Exhibit 5-5, What Is the Total

Question 49

Multiple Choice

Exhibit 5-5 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 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

Correct Answer: