Choose the correct statementA. Total revenue from the sale of a good equals the price of the good multiplied by the quantity sold. B. A rise in price increases total revenue. C. A rise in the price decreases total revenue. D. The change in total revenue that arises from a price change is independent of the price elasticity of demand.
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Choose the correct statementA. Total revenue from the sale of a good equals the price of the good multiplied by the quantity sold. B. A rise in price increases total revenue. C. A rise in the price decreases total revenue. D.
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