Refer to the following graph to answer the question: Suppose price rises from $90 to $110.Total revenue moves in the ________ same,opposite)direction as the dominant effect.In this case,total revenue ____________ increases,decreases,stays the same)because the quantity effect is _________ larger than,smaller than,the same as)the price effect.
A)same; increases; larger than
B)same; decreases; smaller than
C)same; decreases; larger than
D)opposite; increases; larger than
E)opposite; decreases; smaller than

Question

Refer to the following graph to answer the question:  Suppose price rises from $90 to $110.Total revenue moves in the ________ same,opposite)direction as the dominant effect.In this case,total revenue ____________ increases,decreases,stays the same)because the quantity effect is _________ larger than,smaller than,the same as)the price effect.
A)same; increases; larger than 
B)same; decreases; smaller than 
C)same; decreases; larger than 
D)opposite; increases; larger than 
E)opposite; decreases; smaller than

Quizplus · Accepted Answer

The Answer of Refer to the following graph to answer the question:  Suppose price rises from $90 to $110.Total revenue moves in the ________ same,opposite)direction as the dominant effect.In this case,total revenue ____________ increases,decreases,stays the same)because the quantity effect is _________ larger than,smaller than,the same as)the price effect.
A)same; increases; larger than 
B)same; decreases; smaller than 
C)same; decreases; larger than 
D)opposite; increases; larger than 
E)opposite; decreases; smaller than

Refer to the Following Graph to Answer the Question