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If Demand Is __________ and Price Is _________,Total Revenue Will

question 105

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If demand is __________ and price is _________,total revenue will ________.


Definitions:

Opportunity Cost

The loss experienced from bypassing the following superior alternative in the course of decision-making.

Capital

Refers to financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as factories.

Corporate Bond

A debt security issued by a corporation and sold to investors, promising to pay back with interest at a future date.

Outputs

The goods or services produced by a company or an economy.

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