6 Homework - D) $8 to 10 4. Refer to the above table. What...

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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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This note was uploaded on 04/22/2010 for the course ECO 112 taught by Professor Smith during the Spring '10 term at Bowling Green.

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6 Homework - D) $8 to 10 4. Refer to the above table. What...

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