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If the Demand for Swordfish Is Price Elastic and the Price

Question 104

Multiple Choice

If the demand for swordfish is price elastic and the price of swordfish increases, then


A) the quantity of swordfish demanded will increase
B) the total revenue from swordfish sales will decrease
C) the total revenue from swordfish sales will increase
D) the total revenue from swordfish sales will not change
E) whether total revenue rises or falls depends on how much the price of swordfish increases

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