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    Principles of Macroeconomics Study Set 8
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    Exam 5: Elasticity and Its Applications: The Elasticity of Demand
  5. Question
    Figure 5-4 -Refer to Figure 5-4.If the Price Decreases in the Region
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Figure 5-4 -Refer to Figure 5-4.If the Price Decreases in the Region

Question 21

Question 21

Multiple Choice

Figure 5-4 Figure 5-4   -Refer to Figure 5-4.If the price decreases in the region of the demand curve between points B and C,we can expect total revenue to A) increase. B) stay the same. C) decrease. D) first increase,then decrease until total revenue is maximized.
-Refer to Figure 5-4.If the price decreases in the region of the demand curve between points B and C,we can expect total revenue to


A) increase.
B) stay the same.
C) decrease.
D) first increase,then decrease until total revenue is maximized.

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