Refer to the Graph Above

question 94

Multiple Choice

Refer to the graph above.If the price of the product decreases from $6 to $5 because of a decrease in demand (not shown) ,total revenue would:

• A) increase by $300.
• B) increase by $100.
• C) decrease.
• D) stay the same.

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Definitions:

Collection Of Cash

The process by which businesses gather or accumulate monetary payments received from customers.

Committed Operating Loan

A loan agreement where the lender agrees to provide a fixed amount of operating capital to a borrower for a specified term.

Non-Committed

Non-Committed in finance refers to facilities or funding that is not contractually guaranteed and can be withdrawn under certain conditions.

Banker's Acceptance

A short-term debt instrument issued by a company that is guaranteed by a commercial bank, commonly used in international trade.