Multiple Choice
A firm produces and sells two goods,A and B.Good A is known to have many close substitutes;good B makes up a significant portion of most families' budgets.A price increase for each good would most likely cause total revenues for good A to:
A) increase,and total revenues for good B to decrease.
B) increase,and total revenues for good B to increase.
C) decrease,and total revenues for good B to increase.
D) decrease,and total revenues for good B to decrease.
Correct Answer:
Verified
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