Use the figure below to answer the following questions.
Figure 11.1.1

Refer to Figure 11.1.1. The firm competes in a perfectly competitive market. If price decreases, the total revenue curve

Question

Use the figure below to answer the following questions.  
 Figure 11.1.1

Refer to Figure 11.1.1. The firm competes in a perfectly competitive market. If price decreases, the total revenue curve

Answer

no longer passes through the origin.

Answer

does not change, but the marginal revenue curve shifts upward.

Answer

becomes steeper.

Answer

does not change, but the marginal revenue curve shifts downward.

Answer

rotates downward and becomes flatter.

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