Over the price range from $180 to $120 in Figure 20.1, ceteris paribus,
A)Demand is elastic.
B)Total revenue is maximized.
C)Demand is increasing.
D)Utility is maximized.

Question

Over the price range from $180 to $120 in Figure 20.1, ceteris paribus,
A)Demand is elastic. 
B)Total revenue is maximized. 
C)Demand is increasing. 
D)Utility is maximized.

Quizplus · Accepted Answer

The Answer of  Over the price range from $180 to $120 in Figure 20.1, ceteris paribus,
A)Demand is elastic. 
B)Total revenue is maximized. 
C)Demand is increasing. 
D)Utility is maximized.

Over the Price Range from $180 to $120 in Figure