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Refer to the Above Diagram

Question 2

Multiple Choice

Refer to the above diagram. If price is reduced from P<sub>1</sub> to P<sub>2</sub>, total revenue will: A) increase by A minus C. B) increase by C minus A. C) decrease by A minus C. D) decrease by C minus A. Refer to the above diagram. If price is reduced from P1 to P2, total revenue will:


A) increase by A minus C.
B) increase by C minus A.
C) decrease by A minus C.
D) decrease by C minus A.

Correct Answer:

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