Question 13 Consider the demand equation given by: Qd = 15 - 2P. You may want to sketch this to refer to when answering this question. Consider what happens when price falls from P = $3 to P = $2. When the price decreases from $3 to $2, overall total revenue will (your answer will either be increase or decrease ) by $ (enter a whole number only - no decimals, no commas ). This overall effect can be decomposed into a price effect which causes total revenue to (your answer will either be increase or decrease ) by $ (enter a whole number only no decimals, no commas ) and a quantity effect which will cause total revenue to (increase or decrease ) by $ (enter a whole number only no decimals, no commas )