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-Consider the Straight-Line Demand Curve Illustrated in the Above Figure

Question 110

Multiple Choice

-Consider the straight-line demand curve illustrated in the above figure. At what price is total revenue maximized? A) at a price of $8 B) at a price of $6 C) at a price of $4 D) More information is needed to determine the price at which total revenue is maximized.
-Consider the straight-line demand curve illustrated in the above figure. At what price is total revenue maximized?


A) at a price of $8
B) at a price of $6
C) at a price of $4
D) More information is needed to determine the price at which total revenue is maximized.

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