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In Any Market,total Revenue Is Calculated by Taking the Price

Question 70

Multiple Choice

In any market,total revenue is calculated by taking the price of the good and


A) dividing it by the price elasticity of demand.
B) multiplying it by the price elasticity of demand.
C) multiplying it by the quantity of the good.
D) multiplying it by the quantity of the good and then subtracting the costs of production.

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