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    Exam 20: Elasticity
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    Exhibit 20-5 -Refer to Exhibit 20-5.For Graph (3),if the Seller of X
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Exhibit 20-5 -Refer to Exhibit 20-5.For Graph (3),if the Seller of X

Question 117

Question 117

Multiple Choice

Exhibit 20-5
Exhibit 20-5    -Refer to Exhibit 20-5.For graph (3) ,if the seller of X raises the price from $1.50 to $2.00,the total revenue the seller receives will A)  decrease by $30. B)  increase by $30. C)  decrease by $5. D)  not change.
-Refer to Exhibit 20-5.For graph (3) ,if the seller of X raises the price from $1.50 to $2.00,the total revenue the seller receives will


A) decrease by $30.
B) increase by $30.
C) decrease by $5.
D) not change.

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