Use the Following to Answer Question

question 39

Multiple Choice

Use the following to answer question:
Figure 2.12
-(Figure 2.12) As the price of the product rises from $0 to $40, what happens to total expenditures?

• A) Total expenditures increase, reaching a maximum at a price of $40.
• B) Total expenditures remain unchanged.
• C) Total expenditures decrease, reaching a minimum at a price of $40.
• D) Total expenditures first increase and then decrease, as price approaches the midpoint of the demand curve.