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When Price Rises, Total Revenue

Question 47

Multiple Choice

When price rises, total revenue


A) always rises because the quantity purchased does not change.
B) may rise or fall, depending on whether the quantity purchased rises or falls.
C) always falls because the quantity purchased always falls.
D) may rise or fall, depending on how much the quantity purchased falls.
E) may rise or fall, depending on whether the quantity purchased changes.

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