$10 $10 a B $5 $5 DA b 20 40 60 80 100 10 20 30 40 Quantity Quantity Graph A Graph B efer the figure above and answer the following (don't forget to SHOW YOUR VORK!): O On graph A, how much is total revenue at price of $10, and at price of $5? ) On graph B, how much is total revenue at price of $5? O Graph B represents a demand curve that is relatively elastic or inelastic? Total Price Price
$10 $10 a B $5 $5 DA b 20 40 60 80 100 10 20 30 40 Quantity Quantity Graph A Graph B efer the figure above and answer the following (don't forget to SHOW YOUR VORK!): O On graph A, how much is total revenue at price of $10, and at price of $5? ) On graph B, how much is total revenue at price of $5? O Graph B represents a demand curve that is relatively elastic or inelastic? Total Price Price
Chapter6: Elasticities
Section: Chapter Questions
Problem 11P
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