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Refer to the Figure. What would happen at the equilibrium price? a. At the equilibrium price, 200 units would be supplied and demanded. b. At the equilibrium price, 400 units would be supplied and demanded. c. At the equilibrium price, 600 units would be supplied and demanded. (1. At the equilibrium price, 600 units would be supplied, but only 200 would be demanded. 1. When does an increase in price cause an increase in total revenue? when demand is inelastic when demand is elastic when demand is unit elastic when demand is perfectly elastic