Use the Following to Answer Question

question 209

Multiple Choice

Use the following to answer question:
-(Figure: The Demand Curve) Use Figure: The Demand Curve.If the price is $8,total revenue is _____.If the price is $7,total revenue is _____.

• A)$24;$16
• B)$14;$21
• C)$16;$21
• D)$10;$10

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Definitions:

Socialist Democracy

A political system that combines socialist economic principles with democratic governance, aiming for collective ownership and egalitarian distribution of resources within a democratic framework.

Global Spread

The widespread distribution or dissemination of phenomena, products, cultures, diseases, etc., across different countries and continents.

Democracy

A system of government in which power is vested in the people, who rule either directly or through freely elected representatives.

Anti-democratic Regimes

Anti-democratic regimes are governments that oppose the principles of democracy, often through authoritarian, totalitarian, or dictatorial control, limiting political freedom and participation.