Figure 5-6 Price 22 20- A 18+- 16+ 14 B 12 10 8 C 6 4 Demand ← 100 200 300 400 500 600 700 800 900 Quantity Refer to Figure 5-6. Sellers' total revenue would increase if the price All of the above are correct. increased from $6 to $8. decreased from $18 to $16. decreased from $16 to $15.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Figure 5-6
Price
22
20-
A
18+-
16+
14
B
12
10
8
C
6
4
Demand
←
100 200 300 400 500 600 700 800 900 Quantity
Refer to Figure 5-6. Sellers' total revenue would increase if the price
All of the above are correct.
increased from $6 to $8.
decreased from $18 to $16.
decreased from $16 to $15.
Transcribed Image Text:Figure 5-6 Price 22 20- A 18+- 16+ 14 B 12 10 8 C 6 4 Demand ← 100 200 300 400 500 600 700 800 900 Quantity Refer to Figure 5-6. Sellers' total revenue would increase if the price All of the above are correct. increased from $6 to $8. decreased from $18 to $16. decreased from $16 to $15.
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