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Total Revenue Along a Linear Demand Curve
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Problem 10
Total Revenue Along a Linear Demand Curve
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4. Elasticity / Total Revenue Along a Linear Demand Curve / Problem 6
Problem 6
In the elastic section of a demand curve, what is the effect of a price decrease on total revenue?
A
Total revenue increases.
B
Total revenue decreases.
C
Total revenue remains constant.
D
Total revenue is maximized.
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