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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 9
Problem 9
On a graph of total revenue versus quantity, what does the peak of the curve represent?
A
The unit elastic point where total revenue is maximized.
B
The point of lowest quantity demanded.
C
The point of highest price.
D
The point where demand is perfectly inelastic.
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