Test: AP Microeconomics

Use the following graph for questions 9 - 11Oranges_demand_curve

1.

Increasing the price of oranges at point D will result in:

  1. An increase in total revenue
  2. A decrease in quantity demanded
  3. Movement toward a portion of the demand curve that is more elastic

1, 2, and 3

3 only

1 and 2

2 only 

1 only

1/3 questions

0%
Learning Tools by Varsity Tutors