Geography, 05.10.2021 23:10 rosier2230
1. Price rises from $5 to $6. Quantity demanded decreases from 15 to 10.
a. Old price x quantity demanded = old revenue
b. New price x quantity demanded = new revenue
c. Price ↑ ↓ Total Revenue ↑ ↓
Answers: 1
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1. Price rises from $5 to $6. Quantity demanded decreases from 15 to 10.
a. Old price x quantity d...
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