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2. In each case explain how would the following changes in price effect total revenue TR? (2
points) A) Price talls by 10% and quantity demanded increases by 5%. a Remains unchanged TR
increases talled

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2 In each case explain how would the following changes in p.pdf

  • 1. 2. In each case explain how would the following changes in price effect total revenue TR? (2 points) A) Price talls by 10% and quantity demanded increases by 5%. a Remains unchanged TR increases talled