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The total revenue curve that corresponds to a downward -sloping linear demand curve
1. Slops down
2. Slopes upward
3. is a horizontal line
4. first rises, then falls
The total revenue curve that corresponds to a downward -sloping linear demand curve
1. Slops down
2. Slopes upward
3. is a horizontal line
4. first rises, then falls
writerrozeLv1
28 Dec 2022
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A demand curve
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A) slopes down because of the inverse relationship between price and quantity demanded. |
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B) slopes up because of the positive relationship between price and quantity demanded. |
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C) is vertical for necessities, upward sloping for luxury goods, and downward sloping for all other goods. |
