Use the following to answer question:
-(Figure: The Demand Curve)Use 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 question: 
-(Figure: The Demand Curve)Use 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 question: 
-(Figure: The Demand Curve)Use 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 Question