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DragIT -revenue curve

In the simulation below, drag the sliders to see the impact of changes in price on the total revenue curve.

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1

Total revenue curve

A fall in price will shift the total revenue curve upwards.

a)
b)
Yes, that's correct. The statement is false as a fall in price will shift the total revenue curve downwards.No, that's not right. The statement is false as a fall in price will shift the total revenue curve downwards.Your answer has been saved.
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