To Answer the Question,refer to the Following Table Showing a Demand

question 19

Multiple Choice

To answer the question,refer to the following table showing a demand schedule: If price falls from $200 to $150,

• A)arrows representing the price and quantity effects both point down.
• B)an arrow representing the price effect points down and is longer than an arrow for the quantity effect.
• C)an arrow representing the price effect points down and is shorter than an arrow for the quantity effect.
• D)arrows representing the price and quantity effects both point up.
• E)total revenue moves in the same direction as the arrow representing the price effect.