6 Homework

# 6 Homework - D \$8 to 10 4 Refer to the above table What is...

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1. Refer to the above table. The largest decline in total revenue is found between prices: A) \$5 and \$4 B) \$4 and \$3 C) \$3 and \$2 D) \$2 and \$1 2. Refer to the above table. Elastic demand is found between prices: A) \$1 and \$2 B) \$2 and \$3 C) \$3 and \$4 D) \$4 and \$5 3. Refer to the above data. Over which price range is the price elasticity of demand inelastic? A) \$18 to 20 B) \$16 to 18 C) \$10 to 12

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Unformatted text preview: D) \$8 to 10 4. Refer to the above table. What is the consumer surplus for all persons A to D? A) \$10 B) \$20 C) \$26 D) \$30 5. Refer to the above data. Over which price range is the price elasticity of demand elastic? A) \$4 to 6 B) \$6 to 8 C) \$10 to 12 D) \$12 to 14 6. Refer to the above table. What is the consumer surplus for person A? A) \$8 B) \$10 C) \$18 D) \$20...
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6 Homework - D \$8 to 10 4 Refer to the above table What is...

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