In Moving Down Along a Demand Curve, Total Revenue

question 132

Multiple Choice

In moving down along a demand curve, total revenue

• A)stays constant.
• B)increases.
• C)may increase, decrease, or stay constant.
• D)decreases.
• E)is always equal to zero.

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Definitions:

Liability

A legal obligation or responsibility, often involving financial debts or compensation for losses or damages.

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Refers to a purchaser who has suffered harm or damage due to misrepresentation, defective goods, or breach of warranty in a transaction, and may seek legal remedy.

Open and Obvious Risks

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a legal obligation to inform others of a risk or hazard that is not immediately apparent, to prevent harm.