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The Following Figure Shows the Demand Curve Faced by a Monopolist

Question 21

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The following figure shows the demand curve faced by a monopolist.
The following figure shows the demand curve faced by a monopolist. -Refer to the figure above.What is the change in total revenue due to a price reduction from $6 to $4? A) Total revenue increases by $300. B) Total revenue decreases by $600. C) Total revenue increases by $200. D) Total revenue increases by $600.
-Refer to the figure above.What is the change in total revenue due to a price reduction from $6 to $4?


A) Total revenue increases by $300.
B) Total revenue decreases by $600.
C) Total revenue increases by $200.
D) Total revenue increases by $600.

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