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7 In the diagram below, draw the price effect and the quantity effect for a price change from $60 to $50. Instructions: Use the tools
7 In the diagram below, draw the price effect and the quantity effect for a price change from $60 to $50. Instructions: Use the tools provided to draw the price effect 'Pr Eff' and quantity effect 'Q Eff' for this price change. 0.9 points Price $90 Tools $80 Print $70 Pr Eff Q Eff $60 References $50 $40 $30 $20 $10 Demand 0 10 20 30 40 50 Quantity Based on the graph, the (Click to select) | is larger. Based on the graph, total revenue (Click to select)
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