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    Principles of Economics Study Set 8
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    Exam 5: Elasticity and Its Application
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    Figure 5-4 -Refer to Figure 5-4. Total Revenue When the Price Is
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Figure 5-4 -Refer to Figure 5-4. Total Revenue When the Price Is

Question 161

Question 161

Multiple Choice

Figure 5-4
Figure 5-4    -Refer to Figure 5-4. Total revenue when the price is P<sub>1</sub> is represented by A) areas B + D. B) areas A + B. C) areas C + D. D) area D.
-Refer to Figure 5-4. Total revenue when the price is P1 is represented by


A) areas B + D.
B) areas A + B.
C) areas C + D.
D) area D.

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