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Question
Table 13-1| Quantity | Price (dollars) | Total Revenue (dollars) |
| 1 | $7.50 | $7.50 |
| 2 | 7.00 | 14.00 |
| 3 | 6.50 | 19.50 |
| 4 | 6.00 | 24.00 |
| 5 | 5.50 | 27.50 |
| 6 | 5.00 | 30.00 |
Refer to Table 13-1. The Table shows
A) an elastic segment of the demand curve.
B) an inelastic segment of the demand curve.
C) a demand curve with an elastic segment of the demand curve from $7.50 to $6.50 followed by an inelastic segment.
D) a demand curve with an inelastic segment of the demand curve from $7.50 to $6.50 followed by an elastic segment.
Answer
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