When Price Rises, Total Revenue

question 47

Multiple Choice

When price rises, total revenue

• A)always rises because the quantity purchased does not change.
• B)may rise or fall, depending on whether the quantity purchased rises or falls.
• C)always falls because the quantity purchased always falls.
• D)may rise or fall, depending on how much the quantity purchased falls.
• E)may rise or fall, depending on whether the quantity purchased changes.

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