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Price Quantity Demanded $200 1000 $150 1400 $100 1800 If price falls from $200 to $150, A. Arrows representing the price and quantity effects both point down. B. An arrow representing the price effect points down and is longer than an arrow for the quantity effect. C. An arrow representing the price effect points down and is shorter than an arrow for the quantity effect. D. Arrows representing the price and quantity effects both point up. E. Total revenue moves in the same direction as the arrow representing the price effect.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91994636

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