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Total Revenue Along a Linear Demand Curve
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Total Revenue Along a Linear Demand Curve
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4. Elasticity / Total Revenue Along a Linear Demand Curve / Problem 8
Problem 8
In the inelastic section of a demand curve, what is the effect of a price increase on total revenue?
A
Total revenue increases.
B
Total revenue remains constant.
C
Total revenue decreases.
D
Total revenue is maximized.
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