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28 Dec 2017
Use the figure below to answer the following question. Price (dollars) Quantity Figure 3 37) Figure 3 illustrates a linear demand curve. If the price falls from $13 to $11, A) total revenue remains unchanged. B) total revenue decreases. C) total revenue increases. D) total revenue initially increases then decreases. E) total revenue initially decreases then increases.
Use the figure below to answer the following question. Price (dollars) Quantity Figure 3 37) Figure 3 illustrates a linear demand curve. If the price falls from $13 to $11, A) total revenue remains unchanged. B) total revenue decreases. C) total revenue increases. D) total revenue initially increases then decreases. E) total revenue initially decreases then increases.
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