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Figure 5-16 -Refer to Figure 5-16.If,holding the Supply Curve Fixed,there Were an Curve

Question 490

Multiple Choice

Figure 5-16
Figure 5-16    -Refer to Figure 5-16.If,holding the supply curve fixed,there were an increase in demand that caused the equilibrium price to increase from $6 to $8,then sellers' total revenue would A)  increase. B)  decrease. C)  remain unchanged. D)  The effect on total revenue cannot be determined from the given information.
-Refer to Figure 5-16.If,holding the supply curve fixed,there were an increase in demand that caused the equilibrium price to increase from $6 to $8,then sellers' total revenue would


A) increase.
B) decrease.
C) remain unchanged.
D) The effect on total revenue cannot be determined from the given information.

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