In the figure above,if price DECREASES from $80 to $60,an arrow representing the QUANTITY effect
A)will point upward.
B)will point downward.
C)will be shorter than and in the opposite direction of)the arrow representing the price effect.
D)will be shorter than and in the same direction of)the arrow representing the price effect.
E)will point in the opposite direction in which total revenue will move.

Question

In the figure above,if price DECREASES from $80 to $60,an arrow representing the QUANTITY effect
A)will point upward. 
B)will point downward. 
C)will be shorter than and in the opposite direction of)the arrow representing the price effect. 
D)will be shorter than and in the same direction of)the arrow representing the price effect. 
E)will point in the opposite direction in which total revenue will move.

Quizplus · Accepted Answer

The Answer of  In the figure above,if price DECREASES from $80 to $60,an arrow representing the QUANTITY effect
A)will point upward. 
B)will point downward. 
C)will be shorter than and in the opposite direction of)the arrow representing the price effect. 
D)will be shorter than and in the same direction of)the arrow representing the price effect. 
E)will point in the opposite direction in which total revenue will move.

In the Figure Above,if Price DECREASES from $80 to $60,an