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Author Question: A decrease in quantity demanded because of an increase in price is represented by a A) rightward ... (Read 37 times)

stevenposner

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A decrease in quantity demanded because of an increase in price is represented by a
 
  A) rightward shift of the demand curve.
  B) leftward shift of the demand curve.
  C) movement up and to the left along the demand curve.
  D) movement down and to the right along the demand curve.

Question 2

The figure above illustrates a linear demand curve. If the price falls from 8 to 6
 
  A) total revenue increases.
  B) total revenue decreases.
  C) total revenue remains unchanged.
  D) the quantity demanded increases by less than 20 percent.



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Sophiapenny

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Answer to Question 1

C

Answer to Question 2

A




stevenposner

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


Dnite

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Reply 3 on: Yesterday
Excellent

 

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