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    Business
  3. Study Set
    Microeconomics
  4. Exam
    Exam 4: Elasticity of Demand and Supply
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    Refer to the Graph Above
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Refer to the Graph Above

Question 94

Question 94

Multiple Choice

  Refer to the graph above.If the price of the product decreases from $6 to $5 because of a decrease in demand (not shown) ,total revenue would: A)  increase by $300. B)  increase by $100. C)  decrease. D)  stay the same. Refer to the graph above.If the price of the product decreases from $6 to $5 because of a decrease in demand (not shown) ,total revenue would:


A) increase by $300.
B) increase by $100.
C) decrease.
D) stay the same.

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