Exhibit 20-3 -Refer to Exhibit 20-3.If Price Decreases from $5.50 to $4.50,total

question 16

Multiple Choice

Exhibit 20-3

-Refer to Exhibit 20-3.If price decreases from $5.50 to $4.50,total revenue along the demand curve

• A) increases to $67.50.
• B) increases to $87.50.
• C) remains at $87.50.
• D) decreases to $67.50.
• E) decreases to $27.50.

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