The figure represents the behavior of total revenue as price falls along a straight

?line demand curve. What is the price elasticity of demand if total revenue is given by point f??

A.

Demand is elastic.

B.

Demand is unit elastic.

C.

Demand is inelastic.

D.

It is impossible to determine.

The figure represents the behavior of total revenue as price falls along a straight - line demand curve. What is the price elasticity of demand if total revenue is given by point f? 40 h O A. Demand is elastic. O B. Demand is unit elastic. O D. It is impossible to determine. Total revenue (millions of dollars) 30 g O C. Demand is inelastic. 20 10 0 5 10 15 20 25 30 Quantity (milkshakes per day)