Multiple Choice
Use the following to answer question:
-(Figure: The Linear Demand Curve II) Use Figure: Linear Demand Curve II.If price was initially set at $8 and then increased to $10,total revenue would:
A) decrease,as the price effect is dominated by the quantity effect.
B) decrease,as the price effect dominates the quantity effect.
C) stay the same,as both the price and quantity effects remain unchanged.
D) increase,as the price effect is dominated by the quantity effect.
Correct Answer:

Verified
Correct Answer:
Verified
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