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Suppose the Total-Revenue Curve Is Derived from a Particular Linear

Question 166

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Suppose the total-revenue curve is derived from a particular linear demand curve. That demand curve must be A) inelastic for price declines that increase quantity demanded from 2 units to 3 units. B) elastic for price declines that increase quantity demanded from 5 units to 6 units. C) unit elastic for price increases that reduce quantity demanded from 5 units to 4 units. D) inelastic for price increases that reduce quantity demanded from 4 units to 3 units. Suppose the total-revenue curve is derived from a particular linear demand curve. That demand curve must be


A) inelastic for price declines that increase quantity demanded from 2 units to 3 units.
B) elastic for price declines that increase quantity demanded from 5 units to 6 units.
C) unit elastic for price increases that reduce quantity demanded from 5 units to 4 units.
D) inelastic for price increases that reduce quantity demanded from 4 units to 3 units.

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