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↑ Price 22 20 A 18 16- 14- B 12 10 8 C 6 4 Demand 100 200 300 400 500 600 700 800 900 Quantity Refer to Figure 5-6. Sellers' total revenue would increase if the price increased from $6 to $8. All of the above are correct. decreased from $16 to $15. decreased from $18 to $16.

↑ Price 22 20 A 18 16- 14- B 12 10 8 C 6 4 Demand 100 200 300 400 500 600 700 800 900 Quantity Refer to Figure 5-6. Sellers' total revenue would increase if the price increased from $6 to $8. All of the above are correct. decreased from $16 to $15. decreased from $18 to $16.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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↑ Price 22 20 A 18 16- 14- B 12 10 8 C 6 4 Demand 100 200 300 400 500 600 700 800 900 Quantity Refer to Figure 5-6. Sellers' total revenue would increase if the price increased from $6 to $8. All of the above are correct. decreased from $16 to $15. decreased from $18 to $16.
Transcribed Image Text:↑ Price 22 20 A 18 16- 14- B 12 10 8 C 6 4 Demand 100 200 300 400 500 600 700 800 900 Quantity Refer to Figure 5-6. Sellers' total revenue would increase if the price increased from $6 to $8. All of the above are correct. decreased from $16 to $15. decreased from $18 to $16.
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