If the Price Is Reduced from $100 to $80 in Figure

question 65

Multiple Choice

If the price is reduced from $100 to $80 in Figure 20.1,ceteris paribus,

• A)Total revenue will decrease.
• B)Demand will increase.
• C)Quantity demanded will decrease.
• D)Total revenue will increase.

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Definitions:

CTRL Key

A modifier key on a computer keyboard used in combination with other keys to perform special operations or shortcuts.

Paste Options Button

A tool in software applications that allows users to choose how copied content will be formatted when it is pasted into another location.

Auto Fill Options Button

A feature in some software applications that provides users with choices to automatically complete data entry based on detected patterns or previously entered information.

Insert Function Dialog Box

A feature in spreadsheet software that assists users in searching for and inserting functions into cells, facilitating complex calculations.