Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. Graph A shows that as the price decreases from $20 to $10, total revenue _____ and quantity demanded _____.Figure 4.1:
A)decreases; increases
B)decreases; decreases
C)increases; increases
D)increases; decreases
E)remains unchanged; remains unchanged

Question

Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. Graph A shows that as the price decreases from $20 to $10, total revenue _____ and quantity demanded _____.Figure 4.1: 
A)decreases; increases 
B)decreases; decreases 
C)increases; increases 
D)increases; decreases 
E)remains unchanged; remains unchanged

Quizplus · Accepted Answer

The Answer of Graph A below shows an elastic demand curve, and Graph B shows an inelastic demand curve. Graph A shows that as the price decreases from $20 to $10, total revenue _____ and quantity demanded _____.Figure 4.1: 
A)decreases; increases 
B)decreases; decreases 
C)increases; increases 
D)increases; decreases 
E)remains unchanged; remains unchanged

Graph a Below Shows an Elastic Demand Curve, and Graph