If the Price of Pepsi-Cola Increases from 50 Cents to 60

question 177

Multiple Choice

If the price of Pepsi-Cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the Pepsi-Cola Company could increase its total revenue by

• A) lowering price.
• B) decreasing quantity supplied.
• C) leaving price the same.
• D) raising price.
• E) decreasing supply.

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