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    Microeconomics Study Set 40
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    Exam 6: Elasticity
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    Figure: the Demand Curve
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Figure: the Demand Curve

Question 323

Question 323

Essay

Figure: The Demand Curve
(Figure: The Demand Curve) If the price is $8, total revenue is _ .If the price is $7,
total revenue is _.
A.$24; $16
B.$14; $21
C.$16; $21
D.$10; $10

Correct Answer:

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