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.

Question

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.

Quizplus · Accepted Answer

The Answer of  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