Exhibit 20-3

-Refer to Exhibit 20-3.If price decreases from $1.50 to $0.50,total revenue along the demand curve
A) increases to $67.50.
B) increases to $87.50.
C) remains at $87.50.
D) decreases to $67.50.
E) decreases to $27.50.

Question

Exhibit 20-3
 
-Refer to Exhibit 20-3.If price decreases from $1.50 to $0.50,total revenue along the demand curve
A) increases to $67.50. 
B) increases to $87.50. 
C) remains at $87.50. 
D) decreases to $67.50. 
E) decreases to $27.50.

Quizplus · Accepted Answer

The Answer of Exhibit 20-3
 
-Refer to Exhibit 20-3.If price decreases from $1.50 to $0.50,total revenue along the demand curve
A) increases to $67.50. 
B) increases to $87.50. 
C) remains at $87.50. 
D) decreases to $67.50. 
E) decreases to $27.50.

Exhibit 20-3 -Refer to Exhibit 20-3.If Price Decreases from $1.50 to $0.50,total