Refer to the total revenue graph above. When the seller is earning maximum revenues from selling Product X, the demand is
A)elastic.
B)inelastic.
C)unit-elastic.
D)perfectly inelastic.

Question

Refer to the total revenue graph above. When the seller is earning maximum revenues from selling Product X, the demand is
A)elastic. 
B)inelastic. 
C)unit-elastic. 
D)perfectly inelastic.

Quizplus · Accepted Answer

The Answer of  Refer to the total revenue graph above. When the seller is earning maximum revenues from selling Product X, the demand is
A)elastic. 
B)inelastic. 
C)unit-elastic. 
D)perfectly inelastic.

Refer to the Total Revenue Graph Above