Use the following graph of total revenues to answer the question below. $10 Total Revenue (in thousands) G H 0 12 4 10 14 1817 Quantity of Product X (in thousands) When the seller is earning maximum revenues from selling Product X, the demand is O) elastic. O inelastic. O unit-elastic. O perfectly inelastic. References Multiple Choice Learning Objective: Use the elasticity of demand to determine how total revenue will change in response to a change in price. Difficulty: 2 Medium Section: Elasticity Award: 0.10 pair