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    Microeconomics Study Set 45
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    Exam 6: Elasticity
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    Refer to the Graph Above
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Refer to the Graph Above

Question 47

Question 47

Multiple Choice

  Refer to the graph above. If demand decreases, then total revenues will A) decrease. B) increase. C) stay the same. D) cause supply to decrease too. Refer to the graph above. If demand decreases, then total revenues will


A) decrease.
B) increase.
C) stay the same.
D) cause supply to decrease too.

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