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Which of the Following Statements Is Incorrect

Question 63

Multiple Choice

Which of the following statements is incorrect?


A) If a firm decreases the price of its product, its total revenue will decrease.
B) The own price elasticity of demand is constant at all points along a linear demand curve.
C) As the price of X falls and we move down an individual's demand curve for X, the money income of the individual also changes.
D) None of the statements associated with this question are correct.

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