(Figure: The Demand Curve for Car Insurance) Use Figure: The Demand Curve for Car Insurance. Demand is _____ between $20 and $21, since total revenue _____ when the price _____.

A)elastic; increases; decreases
B)inelastic; stays the same; decreases
C)elastic; decreases; increases
D)inelastic; increases; increases

Question

(Figure: The Demand Curve for Car Insurance) Use Figure: The Demand Curve for Car Insurance. Demand is _____ between $20 and $21, since total revenue _____ when the price _____.

A)elastic; increases; decreases 
B)inelastic; stays the same; decreases 
C)elastic; decreases; increases 
D)inelastic; increases; increases

Quizplus · Accepted Answer

The Answer of (Figure: The Demand Curve for Car Insurance) Use Figure: The Demand Curve for Car Insurance. Demand is _____ between $20 and $21, since total revenue _____ when the price _____.

A)elastic; increases; decreases 
B)inelastic; stays the same; decreases 
C)elastic; decreases; increases 
D)inelastic; increases; increases

(Figure: the Demand Curve for Car Insurance) Use Figure: the Demand