Exhibit 19-3

-Refer to Exhibit 19-3. If price decreases from $5.50 to $4.50, 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 19-3
 
-Refer to Exhibit 19-3. If price decreases from $5.50 to $4.50, 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 19-3
 
-Refer to Exhibit 19-3. If price decreases from $5.50 to $4.50, 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 19-3 -Refer to Exhibit 19-3. If Price Decreases from $5.50 to Decreases