Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph A, at a price of $20, total revenue equals _____.Figure 4.1:
A)$400
B)$200
C)$500
D)$1,000
E)$100

Question

Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph A, at a price of $20, total revenue equals _____.Figure 4.1: 
A)$400 
B)$200 
C)$500 
D)$1,000 
E)$100

Quizplus · Accepted Answer

The Answer of Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. With reference to Graph A, at a price of $20, total revenue equals _____.Figure 4.1: 
A)$400 
B)$200 
C)$500 
D)$1,000 
E)$100

Graph a Below Shows an Elastic Demand Curve, and Graph