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Figure 5-9 -Refer to Figure 5-9. If the Price Falls from Point

Question 249

Multiple Choice

Figure 5-9 Figure 5-9 -Refer to Figure 5-9. If the price falls from point A to point B, total revenue A) increases, and demand is price elastic. B) decreases, and demand is price elastic. C) increases, and demand is price inelastic. D) decreases, and demand is price inelastid.
-Refer to Figure 5-9. If the price falls from point A to point B, total revenue


A) increases, and demand is price elastic.
B) decreases, and demand is price elastic.
C) increases, and demand is price inelastic.
D) decreases, and demand is price inelastid.

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