MCQOPTIONS
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| 1. |
An increase in price will result in no change in total revenue if |
| A. | Percentage change in price equal the percentage change in price |
| B. | Percentage change in demanded is more than the percentage change in price |
| C. | Percentage change in price is less than percentage change in demand |
| D. | Change in price is more than change in demand in absolute terms |
| Answer» B. Percentage change in demanded is more than the percentage change in price | |