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A grocery store raises the price of baked goods and finds that the total revenue in the bakery department decreases. We can conclude that: O the demand for baked goods is price inelastic O the demand curve for baked goods is vertical O the demand for baked goods is price elastic O the demand curve for baked goods is horizontal

A grocery store raises the price of baked goods and finds that the total revenue in the bakery department decreases. We can conclude that: O the demand for baked goods is price inelastic O the demand curve for baked goods is vertical O the demand for baked goods is price elastic O the demand curve for baked goods is horizontal

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A grocery store raises the price of baked goods and finds that the total revenue in the bakery department decreases. We can conclude that: O the demand for baked goods is price inelastic O the demand curve for baked goods is vertical O the demand for baked goods is price elastic O the demand curve for baked goods is horizontal
Transcribed Image Text:A grocery store raises the price of baked goods and finds that the total revenue in the bakery department decreases. We can conclude that: O the demand for baked goods is price inelastic O the demand curve for baked goods is vertical O the demand for baked goods is price elastic O the demand curve for baked goods is horizontal
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