All sellers may be tempted to raise the price of what they sell,but a negative unintended effect of raising the price could be __________ in units sold large enough to __________ their total revenue earned.

Question

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If sellers raise the price of what they sell, it is likely that the demand for their product will decrease. This decrease in demand will result in a decrease in units sold, which will subsequently lower their total revenue earned. Therefore, a negative unintended effect of raising the price could be a decrease in units sold large enough to lower their total revenue earned.

All Sellers May Be Tempted to Raise the Price of What