Refer to the graph above.If the price of the product increases from $5 to $6 because of a decrease in supply that is shown by curve S,total revenue would:
A) increase by $300.
B) increase by $100.
C) decrease.
D) stay the same.

Question

Refer to the graph above.If the price of the product increases from $5 to $6 because of a decrease in supply that is shown by curve S,total revenue would:
A) increase by $300. 
B) increase by $100. 
C) decrease. 
D) stay the same.

Quizplus · Accepted Answer

The Answer of  Refer to the graph above.If the price of the product increases from $5 to $6 because of a decrease in supply that is shown by curve S,total revenue would:
A) increase by $300. 
B) increase by $100. 
C) decrease. 
D) stay the same.

Refer to the Graph Above