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The following is a hypothetical demand schedule for automobiles Demand Schedule for Automobiles Price of New Autos (dollars per auto) $ 24,000 20,000 Number of
The following is a hypothetical demand schedule for automobiles Demand Schedule for Automobiles Price of New Autos (dollars per auto) $ 24,000 20,000 Number of New Autos (millions per year) 2 In the demand schedule for automobiles table , what is the total revenue from automobile sales at a price of $ 20,000 per auto? Multiple Choice $ 24 billion per year $ 20 billion per myear 80 billion per year 40 billion per year
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