Refer to the diagram. If price falls from $10 to $2, total revenue:





A. rises from A + B to A + B + D + C and demand is elastic.

B. falls from A + D to B + C and demand is inelastic.

C. rises from C + D to B + A and demand is elastic.

D. falls from A + B to B + C and demand is inelastic.

D. falls from A + B to B + C and demand is inelastic.

Economics

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The key to a successful positive signal is that:

A. it is hidden information. B. it builds trust between the principal and the agent. C. it is costly to fake. D. All of these statements are true.

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