Question: 4. (6 points) Consider the graph below showing an inverse demand curve. Suppose a rm facing this demand curve is considering raising the price of

4. (6 points) Consider the graph below showing an inverse demand

4. (6 points) Consider the graph below showing an inverse demand curve. Suppose a rm facing this demand curve is considering raising the price of its good from $15 to $20. 30 25 - 20' I1. 15- (a) What is the total change in Revenue? (13) What is the volume effect on Revenue? (c) What is the price effect on Revenue? 5. (4 points) Consider the graph below showing Total Costs and Revenue. 20: 15' 012345673910 Q (a) What is the quantity at which the rm makes zero prot? (b) What is the revenue when the rm makes zero prot

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