Exhibit 6-4 Refer to Exhibit 6-4.Graph B represents a demand curve that is relatively ____.Total revenue ____ as the price decreases from $10 to $5.
A) inelastic; decreases
B) elastic; decreases
C) elastic; increases
D) inelastic; increases

Question

Exhibit 6-4  Refer to Exhibit 6-4.Graph B represents a demand curve that is relatively ____.Total revenue ____ as the price decreases from $10 to $5.
A) inelastic; decreases 
B) elastic; decreases 
C) elastic; increases 
D) inelastic; increases

Quizplus · Accepted Answer

The Answer of Exhibit 6-4  Refer to Exhibit 6-4.Graph B represents a demand curve that is relatively ____.Total revenue ____ as the price decreases from $10 to $5.
A) inelastic; decreases 
B) elastic; decreases 
C) elastic; increases 
D) inelastic; increases