Recall the Application about choosing a price for drones based on a linear demand curve to answer the following question(s).
-Recall the Application. Suppose a firm that produces drones has a linear demand curve for its product, with a vertical intercept of $1,500. If the firm initially charged a price of $500 and then raised its price to $750, the firm's total revenue would ________ and total cost would ________.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decease

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The Answer of Recall the Application about choosing a price for drones based on a linear demand curve to answer the following question(s).
-Recall the Application. Suppose a firm that produces drones has a linear demand curve for its product, with a vertical intercept of $1,500. If the firm initially charged a price of $500 and then raised its price to $750, the firm's total revenue would ________ and total cost would ________.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decease

Recall the Application About Choosing a Price for Drones Based