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