Select all true statements (and only true statements). (a) If the price of a good falls, the
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Question:
Select all true statements (and only true statements).
(a) If the price of a good falls, the price eect on revenue is negative.
(b) If the price of a good falls, the volume eect on revenue is positive.
(c) The price eect plus the volume eect always equals zero.
(d) An increase in price always leads to an increase in revenue.
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