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Figure 5-11 -Refer to Figure 5-11.If Price Increases from $10 to $20,total

question 216

Multiple Choice

Figure 5-11 Figure 5-11   -Refer to Figure 5-11.If price increases from $10 to $20,total revenue will A) increase by $120,so demand must be inelastic in this price range. B) increase by $320,so demand must be inelastic in this price range. C) decrease by $120,so demand must be elastic in this price range. D) decrease by $320,so demand must be elastic in this price range.
-Refer to Figure 5-11.If price increases from $10 to $20,total revenue will


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