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Question: Consider the demand curve illustrated in the figure to the right.  Is demand elastic or inelastic...

Show transcribed image text Consider the demand curve illustrated in the figure to the right. Is demand elastic or inelastic? A. Demand is inelastic (at all prices). B. Demand is elastic at all prices above $8.00 and inelastic at all prices below $8.00 C. Demand is inelastic at all prices $8.00 and elastic at all price $8.00. E. Demand is elastic (at all prices) At what price is total revenue maximized? Total revenue is maximized when price equals $

Consider the demand curve illustrated in the figure to the right. Is demand elastic or inelastic? A. Demand is inelastic (at all prices). B. Demand is elastic at all prices above $8.00 and inelastic at all prices below $8.00 C. Demand is inelastic at all prices $8.00 and elastic at all price $8.00. E. Demand is elastic (at all prices) At what price is total revenue maximized? Total revenue is maximized when price equals $