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henry11 henry11
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7 months ago

Exhibit 20-3



Price

of Good A

Quantity

Demanded

of Good A

Quantity

Supplied

of Good A

$5.50

5

55

$4.50

15

45

$3.50

25

35

$2.50

35

25

$1.50

45

15

$0.50

55

5


Refer to Exhibit 20-3. If price decreases from $5.50 to $4.50, total revenue along the demand curve



▸

increases to $67.50.



▸

increases to $87.50.



▸

remains at $87.50.



▸

decreases to $67.50.



▸

decreases to $27.50.

Textbook 
Economics

Economics


Edition: 12th
Author:
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oldgreyvlegsoldgreyvlegs
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7 months ago
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