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14. 17. 18. 20. o o o o Figure Supply so 100 150 2m 300 3so 400 4so soo QI_IANTITY Refer to Figure 5-7.
14. 17. 18. 20. o o o o Figure Supply so 100 150 2m 300 3so 400 4so soo QI_IANTITY Refer to Figure 5-7. If, holding the supply curve fixed, there were an increase in demand that caused the equilibrium price to increase from $6 to ST, then sellers' total revenue uould remain unchanged. The effect on revenue cannot be determined from the given information. c. ncrease_ d. decrease.
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