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Total Revenue Test
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Problem 1
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Problem 9
Problem 10
Total Revenue Test
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4. Elasticity / Total Revenue Test / Problem 9
Problem 9
What is the price effect in the context of total revenue?
A
The change in revenue per unit due to a change in price.
B
The change in total revenue due to changes in production costs.
C
The change in total revenue due to changes in the quantity sold.
D
The change in total revenue due to changes in consumer preferences.
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