#6 Suppose the price of kumquats is currently $8 per bushel. Because the price elasticity of demand between points C and D is . point C is $7 price…

#6 Suppose the price of kumquats is currently $8 per bushel. Because the price elasticity of demand between points C and D is … point C is $7 price with 3 (millions) quantity. Point D is $8 price and 2 (millions) quantity. Answer options are unit elastic, inelastic, or elastic.

 a $1-per-bushel fall in price will lead to_____ in total revenue per month. Answer options are decrease, increase or no change

In order for a price increase to cause a decrease in total revenue, demand must be_____. Answer options are inelastic, elastic, or unit elastic.

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