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    Principles of Microeconomics
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    Exam 5: Elasticity
  5. Question
    Total Revenue Increases If Price ________ and Demand Is ________
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Total Revenue Increases If Price ________ and Demand Is ________

Question 152

Question 152

Multiple Choice

Total revenue increases if price ________ and demand is ________.


A) falls; inelastic
B) falls; unit elastic
C) rises; elastic
D) rises; inelastic

Correct Answer:

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