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When the Price of Chocolate-Covered Peanuts Increases from $1

Question 106

Multiple Choice

When the price of chocolate-covered peanuts increases from $1.55 to $2.00,the quantity demanded decreases from 220 to 180.If the price is $1.55,total revenue is _____,and if the price is $2.00,total revenue is _____.


A) $360;$440
B) $341;$279
C) $440;$279
D) $341;$360

Correct Answer:

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