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    Principles of Microeconomics Study Set 4
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    Exam 10: Monopoly
  5. Question
    In the _______ Range of Demand, Total Revenue _______ with an Increase
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In the _______ Range of Demand, Total Revenue _______ with an Increase

Question 10

Question 10

Multiple Choice

In the _______ range of demand, total revenue _______ with an increase in price.


A) elastic; decreases
B) elastic; does not change
C) inelastic; decreases
D) inelastic; does not change

Correct Answer:

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