--%>

Effect on total revenue by raises price

A price raise from $6 to $8 would effect in: (1) a decrease in total revenue. (2) an increase in total revenue. (3) no change in total revenue. (4) consumers buying more pizza. (5) pizza parlors selling more pizza.

1167_pizza budgets graph.png

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Competitive theory of prices Normal 0

    Normal 0 false false

  • Q : Highest income in supply Glynn s weekly

    Glynn s weekly income would be the highest at: (1) point a. (2) point b. (3) point c. (3) point d. (4) point e. 1621_Labor-Leisure Trade-off</span></p>
                                        </div>
                                        <!-- /comment-box -->
                                    </li>
   
   </td>
	</tr><tr>
		<td>
       
      <li>
                                        <div class=

    Q : Average of incurring total fixed costs

    This brickyard is incurring total fixed costs which average about: (1) $200 daily. (2) $300 daily. (3) $400 daily. (4) $500 daily (5) $600 daily.

    Q : Non discriminating firm-monopsony power

    The non discriminating firm with monopsony power in labor market confronts the: (1) Wage rate which consistently surpasses the marginal revenue. (2) MRP less than w. (3) MFC which surpasses w. (4) Monopolistic seller of firm's output. (5) MRP more tha

  • Q : Long run adjustments in industry

    Associate to short-run supply curves, in long-run industry supply curves tend to be additionally: (i) vertical. (ii) positively-sloped. (iii) profitable. (iv) income inelastic. (v) price elastic. C

  • Q : Bonds and Interest Rates in Long-Term

    When the interest rate increases, in that case the price of a long-term bond: (w) rises faster than a perpetuity bond. (x) falls. (y) does not change. (z) appreciates relatively less than a short term bond. Hello g

  • Q : Monopolist maximizes the profit in

    When a monopolist maximizes profit in the product market, then it will: (i) Hire the labor till the marginal revenue product equivalents marginal resource cost. (ii) Hire the labor till the value of marginal product equivalents marginal resource cost. (iii) Pay a wage

  • Q : New entrance in limit pricing model of

    Within the limit pricing model of strategic behavior, there the demand curve facing a new entrant will be: (w) horizontal. (x) the difference between industry demand and incumbent sales at each price. (y) the difference between the new entrant's outpu

  • Q : Implication of buyers in market

    Describe the implication of big number of buyers in the perfectly competetive market.

  • Q : Help economics !! The market system's

    The market system's answer to the fundamental question "Who will get the goods and services?" is essentially: 1) "Those willing and able to pay for them." 2) "Those who physically produced them." 3) "Those who most need them." 4) "Those who get utility from them."