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    Principles of Macroeconomics Study Set 2
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    Exam 5: Elasticity and Its Application
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    Figure 5-12 -Refer to Figure 5-12. Total Revenue When the Price Is
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Figure 5-12 -Refer to Figure 5-12. Total Revenue When the Price Is

Question 111

Question 111

Multiple Choice

Figure 5-12 Figure 5-12   -Refer to Figure 5-12. Total revenue when the price is P<sub>1</sub> is represented by the area(s)  A) B + D. B) A + B. C) C + D. D) D.
-Refer to Figure 5-12. Total revenue when the price is P1 is represented by the area(s)


A) B + D.
B) A + B.
C) C + D.
D) D.

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