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-If Demand for a Good Is Represented by Curve D

Question 115

Multiple Choice

  -If demand for a good is represented by curve D in Figure 5-10,then an increase in supply of the good will cause A) the equilibrium quantity to rise,but seller's total revenue to fall B) the equilibrium quantity to fall,but seller's total revenue to rise C) both the equilibrium quantity and seller's total revenue to fall D) the equilibrium quantity to rise,but seller's total revenue will not change E) both the equilibrium quantity and seller's total revenue to rise
-If demand for a good is represented by curve D in Figure 5-10,then an increase in supply of the good will cause


A) the equilibrium quantity to rise,but seller's total revenue to fall
B) the equilibrium quantity to fall,but seller's total revenue to rise
C) both the equilibrium quantity and seller's total revenue to fall
D) the equilibrium quantity to rise,but seller's total revenue will not change
E) both the equilibrium quantity and seller's total revenue to rise

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