MCQOPTIONS
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| 1. |
A decrease in price will result in an increase in total revenue if |
| A. | Percentage change in quantity demanded in greater than the percentage change in price |
| B. | Percentage change in quantity demanded is less than the percentage change in price |
| C. | Percentage change in quantity demanded is equal to the percentage change in price |
| D. | None |
| Answer» B. Percentage change in quantity demanded is less than the percentage change in price | |