To answer the question, refer to the following table showing a demand schedule: If price falls from $200 to $150,

A. an arrow representing the price effect points down and is longer than an arrow for the quantity effect.
B. an arrow representing the quantity effect points up and is shorter than an arrow for the price effect.
C. arrows representing the price and quantity effects both point down.
D. total revenue moves in the same direction as the arrow representing the quantity effect.
E. arrows representing the price and quantity effects both point up.


Answer: D

Economics

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Economics

A flat or "fair" tax would increase the tax burden on the ___________ and _______________ and decrease the tax burden on the __________.

What will be an ideal response?

Economics