Exhibit 5-6 We can tell that demand is elastic as price falls between point a and point b in Exhibit 5-6 because
A)quantity demanded is increasing
B)total revenue is increasing
C)total revenue is decreasing
D)total revenue is unchanged
E)the demand curve slopes downward

Question

Exhibit 5-6  We can tell that demand is elastic as price falls between point a and point b in Exhibit 5-6 because
A)quantity demanded is increasing 
B)total revenue is increasing 
C)total revenue is decreasing 
D)total revenue is unchanged 
E)the demand curve slopes downward

Quizplus · Accepted Answer

The Answer of Exhibit 5-6  We can tell that demand is elastic as price falls between point a and point b in Exhibit 5-6 because
A)quantity demanded is increasing 
B)total revenue is increasing 
C)total revenue is decreasing 
D)total revenue is unchanged 
E)the demand curve slopes downward

Exhibit 5-6 We Can Tell That Demand Is Elastic