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The Following Table Shows the Quantities of a Good Sold

Question 38

Multiple Choice

The following table shows the quantities of a good sold by a monopolist at different prices.
The following table shows the quantities of a good sold by a monopolist at different prices.    -Refer to the table above.Which of the following statements is true of the monopolist's total revenue? A)  As the monopolist reduces the price of its product from $9 to $3, its total revenue decreases. B)  As the monopolist reduces the price of its product from $9 to $3, its total revenue increases. C)  As the monopolist reduces the price of its product from $9 to $3, its total revenue increases and then decreases. D)  As the monopolist reduces the price of its product from $9 to $3, its total revenue decreases and then increases.
-Refer to the table above.Which of the following statements is true of the monopolist's total revenue?


A) As the monopolist reduces the price of its product from $9 to $3, its total revenue decreases.
B) As the monopolist reduces the price of its product from $9 to $3, its total revenue increases.
C) As the monopolist reduces the price of its product from $9 to $3, its total revenue increases and then decreases.
D) As the monopolist reduces the price of its product from $9 to $3, its total revenue decreases and then increases.

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