The Following Figure Shows Price Versus Quantity for a Market

question 30

Multiple Choice

The following figure shows price versus quantity for a market.

-Refer to the figure above.On what interval of quantity does total revenue decrease when quantity increases?

• A) From 0 to Q₂
• B) From Q₁ to Q₂
• C) From Q₂ to infinity
• D) Total revenue never decreases when quantity increases

---

Definitions:

Central Bank

A national bank that provides financial and banking services for its country's government and commercial banking system and implements monetary policy.

Money Supply

The whole sum of economic financial assets at a specified time.

Money Supply Growth Rate

The rate at which the total amount of monetary assets available in an economy increases over a specific period.

Long-run Phillips Curve

A concept in economics indicating that in the long run, there's no trade-off between inflation and unemployment, showing a vertical line at the natural rate of unemployment.