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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 1
Problem 1
If the price of a good is \$10 and the quantity demanded is 5 units, what is the total revenue?
A
\$5
B
\$100
C
\$15
D
\$50
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