The figure above illustrates a linear demand curve. If the price falls from $6 to $4
A) total revenue increases.
B) total revenue decreases.
C) total revenue remains unchanged.
D) quantity demanded increases by more than 100 percent.
C
Economics
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Refer to the scenario above. This implies that Lawland has a trade ________
A) deficit B) surplus C) tariff D) equilibrium
Economics
When a firm ignores external costs:
A. it fails to maximize its profits. B. it is willing to produce too little of the good at the given price. C. the good is priced too cheaply in equilibrium. D. it also ignores external benefits.
Economics
As a general rule, a recession is a decline in real GDP lasting at least:
a. one year. b. six months. c. three months. d. one month.
Economics
Provide an example of how current expenditures might benefit future generations
Economics