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    Principles of Microeconomics
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    Exam 5: Elasticity
  5. Question
    Total Revenue Decreases If Price ________ and Demand Is ________
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Total Revenue Decreases If Price ________ and Demand Is ________

Question 185

Question 185

Multiple Choice

Total revenue decreases if price ________ and demand is ________.


A) falls; elastic
B) falls; inelastic
C) rises; inelastic
D) rises; unit elastic

Correct Answer:

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