Exhibit 5-7 Between points b and c in Exhibit 5-7, price decreases by $1, quantity demanded increases by 10,
A)total revenue decreases by $1, and demand is elastic
B)total revenue decreases by $1, and demand is inelastic
C)total revenue increases by $40, and demand is elastic
D)total revenue increases by $40, and demand is inelastic
E)and total revenue increases by $80

Question

Exhibit 5-7  Between points b and c in Exhibit 5-7, price decreases by $1, quantity demanded increases by 10,
A)total revenue decreases by $1, and demand is elastic 
B)total revenue decreases by $1, and demand is inelastic 
C)total revenue increases by $40, and demand is elastic 
D)total revenue increases by $40, and demand is inelastic 
E)and total revenue increases by $80

Quizplus · Accepted Answer

The Answer of Exhibit 5-7  Between points b and c in Exhibit 5-7, price decreases by $1, quantity demanded increases by 10,
A)total revenue decreases by $1, and demand is elastic 
B)total revenue decreases by $1, and demand is inelastic 
C)total revenue increases by $40, and demand is elastic 
D)total revenue increases by $40, and demand is inelastic 
E)and total revenue increases by $80

Exhibit 5-7 Between Points B and C in Exhibit