Quantity (cases) Total Revenue (dollars) $75 Price Total Cost (dollars) $75 (dollars) $60 70 140 195 85 3. 65 105 4 60 240 115 55 275 130 50 300 155 7. 45 315 190 8. 40 320 230 6. 35 315 280 Please refer to the figure above: What is likely to happen to the product's price in the long run? O a. It will fall. O b. It will increase. O c. It will remain constant. O d. This cannot be determined without information on its long-run demand curve.

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