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    Principles of Economics
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    Exam 5: Elasticity and Its Application
  5. Question
    In Any Market, Total Revenue Is the Price
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In Any Market, Total Revenue Is the Price

Question 124

Question 124

Multiple Choice

In any market, total revenue is the price:


A) divided by the price elasticity of demand
B) multiplied by the quantity
C) plus the quantity
D) multiplied by the quantity minus the costs of production

Correct Answer:

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