Question: Figure: Demand 2 A graph shows demand and supply curves. The vertical axis represents price ranging from 0 to 2 0 dollars in increments of
Figure: Demand A graph shows demand and supply curves. The vertical axis represents price ranging from to dollars in increments of The horizontal axis represents quantity ranging from to in increments of The demand curve has a negative slope, starting from and ending at The supply curve is parallel to the horizontal axis and starts from dollars. The demand and supply curves intersect at A point on the demand curve corresponds to as denoted by dotted lines. Another point on the demand curve corresponds to as denoted by dotted lines.Two firms in an industry act as a cartel, with each firm agreeing to charge a price of $ and sell units of output. If one of them cheats and produces more units of output, the cheating firm's total revenue increases by and the other firm's total revenue decreases by Group of answer choices$; $$; $$; $$; $
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