Author Question: A decrease in quantity demanded because of an increase in price is represented by a A) rightward ... (Read 80 times)

stevenposner · **on:** Jun 29, 2018

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.