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Question 1 (1 point) A $101 Price Price Q $5 $5 Dinelastic C C DElastic 20 40 60 80 100 10 20 30 40 Quantity

Question 1 (1 point) A $101 Price Price Q $5 $5 Dinelastic C C DElastic 20 40 60 80 100 10 20 30 40 Quantity Quantity Graph A Graph B Refer to Figure 7-1. With reference to Graph A, at a price of $5, total revenue equals: ( a) $500. b) $200. ( c) $1,000. ( d) $400

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