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One winter recently, the price of antique fumiture increased by 20 percent and the quantity demanded decreased by 30 percent. Use the total revenue test to determine whether the demand for antique furniture is elastic or inelastic. Total revenue because the percentage increase in the price is than the percentage decrease in the quantity demanded O A. does not change; less O B. increases; greater O C. decreases, less O D. increases; less O E. decreases, greater Because total revenue and the price change in the demand for antique furniture is O A. the same direction; elastic O B. the same direction, inelastic O C. opposite directions; unit elastic O D. opposite directions; elastic O E. opposite directions, inelastic The figure shows the /'/V for a country that produces computers and computer factones. Why Next question Compster factories (number per year) folkiwing would most likely shift the /17 from OPF, in one year to PPS, in the next? IS O A. Decrease production of both computers and computer factories by moving into the neno of the 12 O B. Nothing, because the /VY does not shift O C. Increase consumption of both computers and computer factones. O D. Increase the production of computers from 9 million fat paint @) la 11 million (at point 0) PPFO PPFI O E. Decrease the production of computers from 12 million (at point B) to 9 million (at point @) and build & raw computer factories. 12 15 Computers [millions per year