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 2A graph shows demand and supply curves. The vertical axis represents price ranging from 0 to 20 dollars in increments of 2. The horizontal axis represents quantity ranging from 0 to 20 in increments of 2. The demand curve has a negative slope, starting from (0,20) and ending at (20,0). The supply curve is parallel to the horizontal axis and starts from 8 dollars. The demand and supply curves intersect at (12,8). A point on the demand curve corresponds to (4,16) as denoted by dotted lines. Another point on the demand curve corresponds to (6,14) as denoted by dotted lines.Two firms in an industry act as a cartel, with each firm agreeing to charge a price of $16 and sell 2 units of output. If one of them cheats and produces 2 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$28; $14$12; $8$24; $4$84; $32

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