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In the Figure Above, If the Equilibrium Price of the Product

Question 221

Multiple Choice

In the figure above, if the equilibrium price of the product increased from $5 to the present price of $6 due to a supply shift, then total revenue would have A) increased by $300. B) decreased by $100. C) decreased by $300. D) stayed the same. In the figure above, if the equilibrium price of the product increased from $5 to the present price of $6 due to a supply shift, then total revenue would have


A) increased by $300.
B) decreased by $100.
C) decreased by $300.
D) stayed the same.

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