Figure 5-10 -Refer to Figure 5-10.If,holding the Supply Curve Fixed,there Were an Curve

question 56

Multiple Choice

Figure 5-10

-Refer to Figure 5-10.If,holding the supply curve fixed,there were an increase in demand that caused the equilibrium price to increase from $6 to $8,then sellers' total revenue would

• A)increase.
• B)decrease.
• C)remain unchanged.
• D)The effect on total revenue cannot be determined from the given information.

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