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Select the definition of output effect. The additional revenue from raising the price of a good Amount of revenue lost from lowering the price enough
Select the definition of output effect.
- The additional revenue from raising the price of a good
- Amount of revenue lost from lowering the price enough to sell one more unit
- The revenue that results from selling additional units of a good or service.
- Market price multiplied by the number of units sold
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Legal Fundamentals for Canadian Business
Authors: Richard A. Yates
4th edition
133370283, 978-0133370287
