Along a Linear Demand Curve, as the Price Increases from Zero

question 59

Multiple Choice

Along a linear demand curve, as the price increases from zero,

• A)demand decreases
• B)demand increases
• C)quantity demanded increases
• D)total revenue first increases but eventually decreases
• E)total revenue first decreases but eventually increases

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Definitions:

T-butyl Chloride

A compound consisting of a tertiary butyl group attached to a chlorine atom, used in organic synthesis, particularly in nucleophilic substitution reactions.

N-butyl Iodide

An organic compound with the chemical formula CH3(CH2)3I, used in organic synthesis.

Carbocation

A positively charged ion (cation) in which the charge is on a carbon atom, often an intermediate in organic reactions.

Carbanion

An organic ion in which a carbon atom has three bonds and bears a negative charge, often an intermediate in organic reactions.