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If Price Were to Increase from $16 to $20, the Seller's

Question 180

Multiple Choice

If price were to increase from $16 to $20, the seller's total revenue would:


A) increase, and demand would be price elastic.
B) increase, and demand would be price inelastic.
C) decrease, and demand would be price elastic.
D) decrease, and demand would be price inelastic.

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