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Exhibit 5-5 in Exhibit 5-5, What Is the Total

Question 166

Multiple Choice

Exhibit 5-5 Exhibit 5-5 In Exhibit 5-5, what is the total revenue to the left of point a? A) less than $50, if demand is price inelastic B) less than $50, if demand is price elastic C) $50 D) more than $50, if demand is price elastic E) not enough information to tell In Exhibit 5-5, what is the total revenue to the left of point a?


A) less than $50, if demand is price inelastic
B) less than $50, if demand is price elastic
C) $50
D) more than $50, if demand is price elastic
E) not enough information to tell

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