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Please show work and explain. Copy of Question 7 Review The weekly demand for mini pizzas in a small town is given by Qp =

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Copy of Question 7 Review The weekly demand for mini pizzas in a small town is given by Qp = 2250 - 200P - 200PR - 0.5M where Qp is the quantity of mini pizzas demanded per week, P is the price of a mini pizza, PR is the price of a related product, and M is the average monthly income of consumers. The weekly supply of mini pizzas is given by Qs = - 400 + 200P where Qs is the quantity of mini pizzas supplied per week. Currently, the price of the related product, PR is $2 and the average consumer income, M is $100. If supply increases (shifts to the right), what should the sellers of mini pizzas expect to happen to their total revenue from the quantity of mini pizzas traded? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The quantity traded will decrease and total revenue will decrease. b The quantity traded will decrease and total revenue will increase. C The quantity traded will increase and total revenue will increase. d The quantity traded will increase and total revenue will decrease. Correct Answer: c - The quantity traded will increase and total revenue will increase. W/ Show Submitted Answer Hide Correct Answer Check My

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