Refer to the diagram. If price falls from $10 to $2, total revenue
A)rises from A + B to A + B + D + C, and demand is elastic.
B)falls from A + D to B + C, and demand is inelastic.
C)rises from C + D to B + A, and demand is elastic.
D)falls from A + B to B + C, and demand is inelastic.

Question

Refer to the diagram. If price falls from $10 to $2, total revenue
A)rises from A + B to A + B + D + C, and demand is elastic. 
B)falls from A + D to B + C, and demand is inelastic. 
C)rises from C + D to B + A, and demand is elastic. 
D)falls from A + B to B + C, and demand is inelastic.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. If price falls from $10 to $2, total revenue
A)rises from A + B to A + B + D + C, and demand is elastic. 
B)falls from A + D to B + C, and demand is inelastic. 
C)rises from C + D to B + A, and demand is elastic. 
D)falls from A + B to B + C, and demand is inelastic.

Refer to the Diagram