Assume the section of the demand curve from a to b corresponds to prices between $6 and $12. then, when the price increases from $8 to $10, a. it is possible that the quantity demanded fell from 550 to 500 as a result. b. the percent decrease in the quantity demanded exceeds the percent increase in the price. c. the percent increase in the price exceeds the percent decrease in the quantity demanded. d. sellers’ total revenue increases as a result.

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.