Consider the Demand Curve in the Graph Shown

question 61

Multiple Choice

Consider the demand curve in the graph shown. Suppose price is initially $6 and falls to $4. 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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