Multiple Choice
-The figure illustrates the demand for peanuts. If the price falls from $12 to $9 a bag, total revenue will ________, and if the price rises from $3 to $6 a bag, total revenue will ________.
A) increase; decrease
B) increase; increase
C) decrease; increase
D) decrease; decrease
Correct Answer:
Verified
Correct Answer:
Verified
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