Refer to the graph shown. When price rises from $30 to $40:
A) lost revenue is represented by areas C and E and gained revenue is represented by area A.
B) gained revenue is represented by areas C and E and lost revenue is represented by area A.
C) lost revenue is represented by areas B, C, D, and E and gained revenue is represented by area A.
D) gained revenue is represented by areas B, C, D, and E and lost revenue is represented by area A.

Question

Refer to the graph shown. When price rises from $30 to $40: 
A) lost revenue is represented by areas C and E and gained revenue is represented by area A. 
B) gained revenue is represented by areas C and E and lost revenue is represented by area A. 
C) lost revenue is represented by areas B, C, D, and E and gained revenue is represented by area A. 
D) gained revenue is represented by areas B, C, D, and E and lost revenue is represented by area A.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. When price rises from $30 to $40: 
A) lost revenue is represented by areas C and E and gained revenue is represented by area A. 
B) gained revenue is represented by areas C and E and lost revenue is represented by area A. 
C) lost revenue is represented by areas B, C, D, and E and gained revenue is represented by area A. 
D) gained revenue is represented by areas B, C, D, and E and lost revenue is represented by area A.

Refer to the Graph Shown