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Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the question. 50 10,500 Demand 1

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Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the question. 50 10,500 Demand 1 .ooo The marginal revenue of the 700th unit is $ Multiple Choice 20; elastic 20; inelastic IS; elastic 4.500 0 and demand is 100 Total Revenue 700 Quantity at this point.

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