Question information is down below.

Andrew's Fire Engines is the sole seller of fire engines in the fictional country of Pyrotania. Initially, Andrew produced eight fire engines, but he has decided to increase production to nine fire engines. The following graph shows the demand curve Andrew faces. As you can see, to sell the additional engine, Andrew must lower his price from $100,000 to $80,000 per fire engine. Note that while Andrew gains revenue from the additional engine he sells, he also loses revenue from the initial eight engines because he sells them all at the lower price. Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial eight engines by selling at $80,000 rather than $100,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $80,000. 200 180 Revenue Lost 160 140 Revenue Gained 120 Demand 100 PRICE (Thousands of dollars per fire engine) 80 60 40 20Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial eight engines by selling at $80,000 rather than $100,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $80,000. 200 180 Revenue Lost 160 140 Revenue Gained 120 Demand 100 PRICE (Thousands of dollars per fire engine) 80 60 40 20 O 8 9 10 1 2 3 5 6 QUANTITY (Fire engines)Andrew v increase production from 8 to 9 fire engines because the V dominates in this scenario. True or m ew's Fire Engines were a competitive rm instead and $100,000 were the market price for an engine, decreasing its price from $100,00 should not would result in the same change in the production quantity and, thus, total revenue. 0 True 0 False c.-........ \\. ..- -..=,...v._, Andrew V increase production from 8 to 9 fire engines because the V dominates in this scenario. price effect True or False: If Andrew's Fire Engines were a competitive rm instead and $100,! rket price for an engine, decreasing its price from $100,000 to $80,000 would result in the same change in the production quantity . output effect evenue. 0 True 0 False True or False: If Andrew's Fire Engines were a competitive rm instead and $100,000 were the market price for an engine, decreasing its price from $100,000 to $80,000 would result in the same change in the production quantity and, thus, total revenue. 0 True 0 False