Total revenue is equal to
A) The income from sales.
B) Profit.
C) Cost of production.
D) Total revenue minus total cost.
Correct Answer:
Verified
Q51: If the price elasticity of demand is
Q52: If demand is elastic,then
A)An increase in price
Q53: If the price of Good X falls
Q54: If the elasticity of demand for cigarettes
Q55: Total revenue is
A)Price times income.
B)Quantity sold times
Q57: If the price elasticity of demand is
Q58: Assume the price elasticity of demand for
Q59: A price change will have no effect
Q60: When demand is price-inelastic,ceteris paribus,an increase in
A)Price
Q61: In the $160 to $180 price range
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