-If price DECREASES from $60 to $40, an arrow representing the QUANTITY effect
A) will point downward.
B) will be shorter than (and in opposite direction of) the arrow representing the price effect.
C) will be shorter than (and in same direction of) the arrow representing the price effect.
D) will point in the direction in which total revenue will move.
E) both a and d

Question

-If price DECREASES from $60 to $40, an arrow representing the QUANTITY effect
A) will point downward. 
B) will be shorter than (and in opposite direction of) the arrow representing the price effect. 
C) will be shorter than (and in same direction of) the arrow representing the price effect. 
D) will point in the direction in which total revenue will move. 
E) both a and d

Quizplus · Accepted Answer

The Answer of  
 
-If price DECREASES from $60 to $40, an arrow representing the QUANTITY effect
A) will point downward. 
B) will be shorter than (and in opposite direction of) the arrow representing the price effect. 
C) will be shorter than (and in same direction of) the arrow representing the price effect. 
D) will point in the direction in which total revenue will move. 
E) both a and d

-If Price DECREASES from $60 to $40, an Arrow Representing