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If = 150,and Price Decreases by 20 Percent,then

Question 53

Multiple Choice

If If   = 1.50,and price decreases by 20 percent,then: A) quantity demanded will decrease by 30 percent. B) quantity demanded will increase by 30 percent. C) total revenue will remain unchanged. D) total revenue will decrease. E) quantity demanded will increase by 3 percent. = 1.50,and price decreases by 20 percent,then:


A) quantity demanded will decrease by 30 percent.
B) quantity demanded will increase by 30 percent.
C) total revenue will remain unchanged.
D) total revenue will decrease.
E) quantity demanded will increase by 3 percent.

Correct Answer:

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