Multiple Choice
In December 2014, the average price of gasoline in the United States was $2.50 per gallon and consumers bought 7 percent more gasoline than they had during April 2014, when the average price was $3.60 per gallon.Based on these figures, when the price of gasoline fell from $3.60 per gallon to $2.50 per gallon, total revenue
A) increased.
B) decreased.
C) did not change.
D) There is not enough information to determine what happened to total revenue.
Correct Answer:

Verified
Correct Answer:
Verified
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