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The graph below shows the rate of change in revenue with respect to price for a certain product where the price, p , is in
The graph below shows the rate of change in revenue with respect to price for a certain product where the price, is in dollars and is in dollars per dollar increase in price. Use the graph to determine which of the following is a TRUE statement.
a The revenue is decreasing for prices less than $ and it is increasing for prices greater than $
b The revenue is decreasing for prices less than $ and it is increasing for prices greater than $
c The revenue is increasing for prices less than $ and it is decreasing for prices greater than $
d The revenue is increasing for prices less than $ and it is decreasing for prices greater than $
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