-The figure above illustrates a linear demand curve. If the price falls from $6 to $4
A) total revenue increases.
B) total revenue decreases.
C) total revenue remains unchanged.
D) quantity demanded increases by more than 100 percent.
Correct Answer:
Verified
Q115: Q116: A straight-line demand curve with negative slope Q117: Along a straight-line demand curve, as the Q118: On a straight-line downward-sloping demand curve, the Q119: The price elasticity of demand _ in Q121: Demand is unit elastic when Q122: Producers' total revenue will increase if Q123: If Sam wants to increase her total Q124: Producers' total revenue will decrease if Q125: At a local ice cream parlor, when
A) the slope
A) income
A) income
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