Multiple Choice
If price falls by 10 percent, total revenue
A) rises if quantity demanded changes by 10 percent.
B) rises if quantity demanded does not change.
C) rises if quantity demanded changes by less than 10 percent.
D) falls if quantity demanded changes by 10 percent.
E) falls if quantity demanded changes by less than 10 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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