Use the following to answer questions:
Figure: The Demand Curve
-(Figure: The Demand Curve) Look at the figure The Demand Curve. Between prices $4 and $5, demand is _____, and total revenue will _____ if price increases.
A) elastic; increase
B) elastic; decrease
C) inelastic; increase
D) inelastic; decrease

Question

Use the following to answer questions:
Figure: The Demand Curve 
-(Figure: The Demand Curve) Look at the figure The Demand Curve. Between prices $4 and $5, demand is _____, and total revenue will _____ if price increases.
A) elastic; increase 
B) elastic; decrease 
C) inelastic; increase 
D) inelastic; decrease

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
Figure: The Demand Curve 
-(Figure: The Demand Curve) Look at the figure The Demand Curve. Between prices $4 and $5, demand is _____, and total revenue will _____ if price increases.
A) elastic; increase 
B) elastic; decrease 
C) inelastic; increase 
D) inelastic; decrease

Use the Following to Answer Questions