Refer to the above graph. If the demand increased, then
A)price and quantity would both increase.
B)price and quantity would both decrease.
C)price would stay the same and total revenues of sellers would stay the same.
D)price would stay the same and total revenues of sellers would increase.

Question

Refer to the above graph. If the demand increased, then
A)price and quantity would both increase. 
B)price and quantity would both decrease. 
C)price would stay the same and total revenues of sellers would stay the same. 
D)price would stay the same and total revenues of sellers would increase.

Quizplus · Accepted Answer

The Answer of  Refer to the above graph. If the demand increased, then
A)price and quantity would both increase. 
B)price and quantity would both decrease. 
C)price would stay the same and total revenues of sellers would stay the same. 
D)price would stay the same and total revenues of sellers would increase.

Refer to the Above Graph