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When price = $16, quantity demanded = 200. When price = $14, quantity demanded = 225. When the firm lowered price from $16 to $14, it discovered that demand is __________ and total revenue __________ by ____________,

Respuesta :

Answer:

Increasing and total revenue will also increase with it

Explanation:

This is in line with the law of demand that the lower the price, the more quantities will be demanded and vice versa.

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