To Answer the Question,refer to the Following Table Showing a Demand

question 26

Multiple Choice

To answer the question,refer to the following table showing a demand schedule: $\begin{array}{llcc}\underline{ \text {Price } }&\underline{ \text { Ouantity } } \\ &\underline{\text {demanded }} \\\$200 &1000\\150&1400\\100 &1800\\\end{array}$ If price rises from $100 to $150,

• A)arrows representing the price and quantity effects both point upward.
• B)an arrow representing the price effect points upward and is shorter than an arrow for the quantity effect,which points downward.
• C)total revenue moves up as indicated by the direction of the arrow representing the price effect.
• D)the arrow representing the price effect points down and the arrow representing the quantity effect points up.
• E)both c and d

---

Definitions:

Comprehensive Environmental Response, Compensation, and Liability Act

A U.S. federal law, enacted in 1980, designed to clean up sites contaminated with hazardous substances.

Potentially Responsible Parties

Individuals or entities that may be liable for contamination at a hazardous waste site under environmental laws.

Environmental Impact Statement

A document that provides a detailed analysis of the potential effects a proposed project or action may have on the environment, as required by law, before certain actions can proceed.

National Environmental Policy Act

A United States environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality.