Question: Answer the question based on the following table, which shows a demand schedule. Price Quantity Demanded $5 10 4 13 3 15 2 19 1

Answer the question based on the following table, which shows a demand schedule.

Price Quantity Demanded

$5 10

4 13

3 15

2 19

1 25

Total revenues will increase if price

Multiple Choice

  • rises from $4 to $5.
  • falls from $3 to $2.
  • falls from $4 to $3.
  • rises from $1 to $2.

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