If an Increase Prices Increases Total Revenue in the Short

question 154

Multiple Choice

If an increase prices increases total revenue in the short run, what will it do to total revenue in the long run?

• A)​It will decrease total revenue in the long run.
• B)​It will increase total revenue in the long run.
• C)​It will leave total revenue unchanged in the long run.
• D)​Any of the above results are possible in the long run.

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