Biology Forums - Study Force

Exhibit 20-3

Price of Good A	Quantity Demanded of Good A	Quantity Supplied of Good A
$5.50	5	55
$4.50	15	45
$3.50	25	35
$2.50	35	25
$1.50	45	15
$0.50	55	5

Refer to Exhibit 20-3. If price increases from $2.50 to $3.50, total revenue along the demand curve

▸

increases to $67.50.

▸

increases to $87.50.

▸

remains at $87.50.

▸

decreases to $67.50.

Content hidden