To answer the question,refer to the following table showing a demand schedule: If price falls from $150 to $100,
A)arrows representing the price and quantity effects both point down.
B)an arrow representing the price effect points down and is shorter than an arrow for the quantity effect.
C)total revenue moves in the same direction as the arrow representing the price effect.
D)the arrow representing the price effect points down and the arrow representing the quantity effect points up.
E)both c and d

Question

To answer the question,refer to the following table showing a demand schedule:  If price falls from $150 to $100,
A)arrows representing the price and quantity effects both point down. 
B)an arrow representing the price effect points down and is shorter than an arrow for the quantity effect. 
C)total revenue moves in the same direction as the arrow representing the price effect. 
D)the arrow representing the price effect points down and the arrow representing the quantity effect points up. 
E)both c and d

Quizplus · Accepted Answer

The Answer of To answer the question,refer to the following table showing a demand schedule:  If price falls from $150 to $100,
A)arrows representing the price and quantity effects both point down. 
B)an arrow representing the price effect points down and is shorter than an arrow for the quantity effect. 
C)total revenue moves in the same direction as the arrow representing the price effect. 
D)the arrow representing the price effect points down and the arrow representing the quantity effect points up. 
E)both c and d

To Answer the Question,refer to the Following Table Showing a Demand