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The demand schedule for sugar is: The demand schedule for sugar is: Price Quantity Demanded (dollars per kilogram) (millions of kilograms per year) 20 16
The demand schedule for sugar is: The demand schedule for sugar is: Price Quantity Demanded (dollars per kilogram) (millions of kilograms per year) 20 16 12 a. What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram? b. What happens to total revenue if the price rises from $7 to $12? c. At what price is total revenue a maximum
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