Exhibit 6-4
-Refer to Exhibit 6-4. Graph B represents a demand curve that is relatively ____in the range illustrated. Total revenue ____ as the price decreases from $10 to $5.
A)inelastic; decreases
B)elastic; decreases
C)elastic; increases
D)inelastic; increases

Question

​Exhibit 6-4 
-Refer to Exhibit 6-4. Graph B represents a demand curve that is relatively ____in the range illustrated. Total revenue ____ as the price decreases from $10 to $5.
A)​inelastic; decreases 
B)​elastic; decreases 
C)​elastic; increases 
D)​inelastic; increases

Quizplus · Accepted Answer

The Answer of ​Exhibit 6-4 
-Refer to Exhibit 6-4. Graph B represents a demand curve that is relatively ____in the range illustrated. Total revenue ____ as the price decreases from $10 to $5.
A)​inelastic; decreases 
B)​elastic; decreases 
C)​elastic; increases 
D)​inelastic; increases

​Exhibit 6-4 -Refer to Exhibit 6-4. Graph B Represents a Demand Curve

Exhibit 6-4 -Refer to Exhibit 6-4. Graph B Represents a Demand Curve