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1. Does an increase in price necessarily bring about a higher total revenue? Explain

1. Does an increase in price necessarily bring about a higher total revenue? Explain
asked 163k views
2 votes
1. Does an increase in price necessarily bring about a higher total revenue? Explain

asked
User Rhamel
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1 Answer

7 votes

Answer: A price increase will therefore increase total revenue while a price decrease will decrease total revenue.

Explanation: Hope it helps

answered
User Whybird
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