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Exhibit 19-3 Refer to Exhibit 19-3

Question 38

Multiple Choice

Exhibit 19-3 Exhibit 19-3 Refer to Exhibit 19-3. If price decreases from $5.50 to $4.50, total revenue along the demand curve A) increases to $67.50. B) increases to $87.50. C) remains at $87.50. D) decreases to $67.50. E) decreases to $27.50. Refer to Exhibit 19-3. If price decreases from $5.50 to $4.50, total revenue along the demand curve


A) increases to $67.50.
B) increases to $87.50.
C) remains at $87.50.
D) decreases to $67.50.
E) decreases to $27.50.

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