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Other Fields Homework Help Economics Topic started by: Tidy on Jun 21, 2015



Title: Which of the following statements is true?
Post by: Tidy on Jun 21, 2015
Which of the following statements is true?
A) Whenever a firm raises its price its total revenue will increase.
B) When a firm lowers its price its total revenue may either increase or decrease.
C) Whenever a firm increases its quantity sold its revenue will increase.
D) Total revenue will equal zero when the demand for a product is unit-elastic.


Title: Re: Which of the following statements is true?
Post by: Smoooth on Jul 29, 2015
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Title: Re: Which of the following statements is true?
Post by: Smoooth on Aug 31, 2015
My pleasure :-]