-The table above gives the demand schedule for snow peas. If the price of snow peas falls from $4.00 to $3.00 a bushel, total revenue will
A) increase because demand is elastic in this range.
B) decrease because demand is elastic in this range.
C) increase because demand is inelastic in this range.
D) decrease because demand is inelastic in this range.

Question

-The table above gives the demand schedule for snow peas. If the price of snow peas falls from $4.00 to $3.00 a bushel, total revenue will
A) increase because demand is elastic in this range. 
B) decrease because demand is elastic in this range. 
C) increase because demand is inelastic in this range. 
D) decrease because demand is inelastic in this range.

Quizplus · Accepted Answer

The Answer of 
-The table above gives the demand schedule for snow peas. If the price of snow peas falls from $4.00 to $3.00 a bushel, total revenue will
A) increase because demand is elastic in this range. 
B) decrease because demand is elastic in this range. 
C) increase because demand is inelastic in this range. 
D) decrease because demand is inelastic in this range.

-The Table Above Gives the Demand Schedule for Snow Peas