When the Quantity Effect Outweighs the Price Effect, a Price

question 13

Multiple Choice

When the quantity effect outweighs the price effect, a price _____ will cause a(n) _____ in total revenue.

• A) increase; decrease
• B) increase; increase
• C) decrease; decrease
• D) All of these could occur.

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Definitions:

Know

To be aware of through observation, inquiry, or information; to have knowledge or information about.

They're

Contraction of "they are," used as a subject in a sentence to refer to multiple people or entities.

Than

A conjunction used in comparisons to highlight differences between two things.

Phantom Menace

A perceived threat or problem that either does not exist or is greatly exaggerated.