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Refer to the Demand Graph for a Farm Product

Question 142

Multiple Choice

Refer to the demand graph for a farm product. Which of the following will cause the largest increase in total revenue for farmers? A) a decrease in the price from Pₐ to P<sub>c</sub> B) a decrease in the price from Pᵦ to P<sub>c</sub> C) an increase in the price from P<sub>c</sub> to Pₐ D) an increase in the price from P<sub>c</sub> to Pᵦ Refer to the demand graph for a farm product. Which of the following will cause the largest increase in total revenue for farmers?


A) a decrease in the price from Pₐ to Pc
B) a decrease in the price from Pᵦ to Pc
C) an increase in the price from Pc to Pₐ
D) an increase in the price from Pc to Pᵦ

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