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  3. Study Set
    Microeconomics Study Set 30
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    Exam 6: Describing Supply and Demand: Elasticities
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    Refer to the Graph Shown
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Refer to the Graph Shown

Question 27

Question 27

Multiple Choice

Refer to the graph shown. Total revenue is at a maximum when price is: Refer to the graph shown. Total revenue is at a maximum when price is:   A)  $2. B)  $4. C)  $6. D)  $8.


A) $2.
B) $4.
C) $6.
D) $8.

Correct Answer:

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