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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 5: Elasticity and Its Applications
  5. Question
    Figure 5-8
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Figure 5-8

Question 227

Question 227

Multiple Choice

Figure 5-8. A demand curve is shown on the graph below. On the graph, Q represents quantity demanded and P represents price.
Figure 5-8. A demand curve is shown on the graph below. On the graph, Q represents quantity demanded and P represents price.    -Refer to Figure 5-8.The maximum value of total revenue corresponds to a price of A) $18. B) $30. C) $42. D) $48.
-Refer to Figure 5-8.The maximum value of total revenue corresponds to a price of


A) $18.
B) $30.
C) $42.
D) $48.

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