-In the above figure, along which range would total revenue rise by raising prices?
A) Between point a and point b
B) Between point c and point d
C) Between point d and point e
D) Above point a

Question

-In the above figure, along which range would total revenue rise by raising prices?
A) Between point a and point b 
B) Between point c and point d 
C) Between point d and point e 
D) Above point a

Quizplus · Accepted Answer

Total revenue rises when demand is inelastic, which typically occurs at higher price ranges, such as between point d and point e.

-In the Above Figure, Along Which Range Would Total Revenue