Multiple Choice
Exhibit 19-3
-Refer to Exhibit 19-3. If price decreases from $1.50 to $0.50, total revenue along the demand curve
A) increases to $67.50.
B) increases to $87.50.
C) remains at $87.50.
D) decreases to $67.50.
E) decreases to $27.50.
Correct Answer:
Verified
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