Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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