Refer to the graph shown. If suppliers can reduce output from M to L, the remaining firms in the market that are still producing L will find that their revenues will rise by:
A)area A.
B)area B.
C)area A, B, and C.
D)area A, B, and D.

Question

Refer to the graph shown.  If suppliers can reduce output from M to L, the remaining firms in the market that are still producing L will find that their revenues will rise by:
A)area A. 
B)area B. 
C)area A, B, and C. 
D)area A, B, and D.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown.  If suppliers can reduce output from M to L, the remaining firms in the market that are still producing L will find that their revenues will rise by:
A)area A. 
B)area B. 
C)area A, B, and C. 
D)area A, B, and D.

Refer to the Graph Shown