Multiple Choice
Refer to the above graph. If the price increases from P₁ to P₂, then the total revenue will gain area
A) B + E, but it will lose area H + I + J.
B) C + F + H, but it will lose area J.
C) E + F + G, but it will lose area J.
D) A + B + C, but it will lose area G + I + J.
Correct Answer:
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