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Exhibit 5-7  Demand Curve for Concert Tickets in Exhibit 5-7

Question 103

Multiple Choice

Exhibit 5-7  Demand curve for concert tickets Exhibit 5-7  Demand curve for concert tickets In Exhibit 5-7, if promoters raise their prices from $10 to $40 per ticket, then their total revenue will: A) increase. B) decrease. C) remain unchanged. D) react unpredictably. In Exhibit 5-7, if promoters raise their prices from $10 to $40 per ticket, then their total revenue will:


A) increase.
B) decrease.
C) remain unchanged.
D) react unpredictably.

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