This Graph Illustrates the Demand Faced by a Firm

question 81

Multiple Choice

This graph illustrates the demand faced by a firm.
Refer to the figure above.If the monopolist decreases price from $14 to $12,its total revenue will ______.

• A)increase by $2
• B)decrease by $2
• C)increase by $8
• D)decrease by $8

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Definitions:

Second Wife

A term usually referring to the wife a man marries after the dissolution of his first marriage, whether by death or divorce.

30th Wedding Anniversary

A significant milestone celebrating thirty years of marriage, often symbolized by pearls.

Married Couples

Two individuals who have entered into a legally recognized partnership, often involving a public commitment ceremony.

Divorced

The legal dissolution of a marriage by a court or other competent body, officially ending the marital relationship.