Dwayne Villanueva

History

22 June, 21:58

Total revenue is the product of price and quantity. Which of the following will clearly cause an

increase in the total revenue for the entire market?

a) Buyers' income decreases and sellers expect the price to decrease

b) Buyers' income increases

c) Tastes and preferences move away from the product

d) The number of suppliers increases

e) None of the above

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