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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 10
Problem 10
What happens to total revenue as you move from the elastic to the inelastic region of a demand curve?
A
Total revenue remains constant.
B
Total revenue continuously increases.
C
Total revenue continuously decreases.
D
Total revenue first increases, reaches a maximum, and then decreases.
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