-The figure above shows a monopoly firm's demand curve. If the price and quantity of haircuts move from point t to point u, the monopoly's
A) total revenue will rise.
B) total revenue will fall.
C) total revenue will remain the same.
D) marginal revenue will increase.

Question

-The figure above shows a monopoly firm's demand curve. If the price and quantity of haircuts move from point t to point u, the monopoly's
A) total revenue will rise. 
B) total revenue will fall. 
C) total revenue will remain the same. 
D) marginal revenue will increase.

Quizplus · Accepted Answer

The Answer of 
-The figure above shows a monopoly firm's demand curve. If the price and quantity of haircuts move from point t to point u, the monopoly's
A) total revenue will rise. 
B) total revenue will fall. 
C) total revenue will remain the same. 
D) marginal revenue will increase.

-The Figure Above Shows a Monopoly Firm's Demand Curve