--%>

Changes in total revenue by price falls

When the price falls along such demand curve for pizza, in that case total revenue: (w) falls. (x) rises, then falls. (y) rises. (z) does not change.

1910_pizza budgets graph.png

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Externalities or public goods in purely

    A purely competitive economy along with no externalities or public goods tends to be efficient since: (1) firms try to act socially responsible. (2) government planners specify the best allocation. (3) all prices approximate marginal social benefits a

  • Q : Wage Rates and Marginal Resource Costs

    Can someone please help me in finding out the accurate answer from the following question. When a firm is the price taker in labor market and the salary is $80 per day, then the marginal resource cost incurred if hiring 20 more workers per day is as: (i) $1600. (ii) $

  • Q : Problem on Proprietorships Can someone

    Can someone please help me in finding out the accurate answer from the following question. The most general legal form of business in United States is: (1) Sole proprietorships. (2) Partnerships. (3) Cooperatives. (4) Corporations.

  • Q : Demand and supply problem Assume that

    Assume that the demand for jeans rises. At similar time, since of an increase in price of cotton, the supply of jeans reduces. How will it influence the price and amount sold of jeans?

    Q : Demand of various vegetable why demand

    why demand change of onion in during one week due to change in it's price

  • Q : Meaning of utility For economists, the

    For economists, the term "utility" signifies: 1) versatility and flexibility 2) rationality 3) pleasure and satisfaction 4) purposefulness.

  • Q : Output From the heterodox approach,

    From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?

  • Q : Types of assertions for normative

    Normative statements would contain assertions such that: (1) harsh prison terms and capital punishment reduce rates of violent crime. (2) on average, Americans are more prosperous while no single political party controls the presidency that the US Sen

  • Q : Make capital available to society

    Savers who in that way make capital available to society are rewarded along with economic: (1) interest. (2) capital gains. (3) perpetuities. (4) profits. (5) rent. How can I solve my Econo

  • Q : Maximized output level and zero

    When all production costs for a monopoly are fixed [MC =0], in that case economic profit: (i) falls when price is raised in the inelastic range of a demand curve. (ii) rises when price is cut in the inelastic range of