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Question 12

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Refer to the following graph:
Refer to the following graph:    -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
-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

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