Which of the Following Is True of a Decrease in Product

question 115

Multiple Choice

Which of the following is true of a decrease in product prices?

• A) The quantity effect always dominates the price effect.
• B) The price effect always dominates the quantity effect.
• C) When the quantity effect dominates the price effect, total revenue decreases.
• D) When the price effect dominates the quantity effect, total revenue decreases.

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