Figure 5-3

-Refer to Figure 5-3.If price is originally within the C range of the demand curve and then it increases to a value within the A range of the demand curve,we can expect total revenue to
A)increase.
B)decrease.
C)stay the same.
D)This determination cannot be made without further information.

Question

Figure 5-3
 
-Refer to Figure 5-3.If price is originally within the C range of the demand curve and then it increases to a value within the A range of the demand curve,we can expect total revenue to
A)increase. 
B)decrease. 
C)stay the same. 
D)This determination cannot be made without further information.

Quizplus · Accepted Answer

The Answer of Figure 5-3
 
-Refer to Figure 5-3.If price is originally within the C range of the demand curve and then it increases to a value within the A range of the demand curve,we can expect total revenue to
A)increase. 
B)decrease. 
C)stay the same. 
D)This determination cannot be made without further information.

Figure 5-3 -Refer to Figure 5-3.If Price Is Originally Within the C