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A Gas Station Owner in a Large City Learned in His

Question 318

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A gas station owner in a large city learned in his microeconomics class that buyers are relatively unresponsive to changes in the price of gasoline. If that assumption is correct, when he increases the price of gas at his station


A) total revenue will increase.
B) total revenue will decrease.
C) total revenue will not change.
D) the sale of complementary goods at his station will increase.

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