If the price is reduced from $100 to $80 in Figure 20.1, ceteris paribus,
A)Total revenue will decrease.
B)Demand will increase.
C)Quantity demanded will decrease.
D)Total revenue will increase.

Question

If the price is reduced from $100 to $80 in Figure 20.1, ceteris paribus,
A)Total revenue will decrease. 
B)Demand will increase. 
C)Quantity demanded will decrease. 
D)Total revenue will increase.

Quizplus · Accepted Answer

The Answer of  If the price is reduced from $100 to $80 in Figure 20.1, ceteris paribus,
A)Total revenue will decrease. 
B)Demand will increase. 
C)Quantity demanded will decrease. 
D)Total revenue will increase.

If the Price Is Reduced from $100 to $80 in Figure