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In the Figure Above,if Price DECREASES from $60 to $40,an

Question 62

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In the figure above,if price DECREASES from $60 to $40,an arrow representing the QUANTITY effect A) will point downward. B) will be shorter than and in opposite direction of) the arrow representing the price effect. C) will be shorter than and in same direction of) the arrow representing the price effect. D) will point in the direction in which total revenue will move. E) both a and d In the figure above,if price DECREASES from $60 to $40,an arrow representing the QUANTITY effect


A) will point downward.
B) will be shorter than and in opposite direction of) the arrow representing the price effect.
C) will be shorter than and in same direction of) the arrow representing the price effect.
D) will point in the direction in which total revenue will move.
E) both a and d

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