Consider the Demand Curve in the Graph Shown

question 134

Multiple Choice

Consider the demand curve in the graph shown. Suppose price is initially $11 and falls to $8. Which of the following statements is true?

• A)The quantity effect will outweigh the price effect, and total revenue will rise.
• B)The quantity effect will outweigh the price effect, and total revenue will fall.
• C)The price effect will outweigh the quantity effect, and total revenue will rise.
• D)The price effect will outweigh the quantity effect, and total revenue will fall.

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Definitions:

Peristaltic Waves

Sequential muscle contractions that occur in the alimentary canal, moving food through the digestive system.

Ureters

Tubes that carry urine from the kidneys to the bladder in the urinary system.

Urinary Problem

A broad term covering any issue related to the functioning of the urinary system, including infections, incontinence, and kidney stones.

Fluid Intake

The amount of water or other liquids consumed by an individual or organism over a certain period.