If Rob the burger guy increases the price of his burgers by 30%, and as a result (ceteris paribus) the number of burgers declines by 20%, then his total sales revenue for burgers will: a.remain constant b. depends on the market conditions c. decrease d. increase

If Rob the burger guy increases the price of his burgers by 30%, and as a result (ceteris paribus) the number of burgers declines by 20%, then his total sales revenue for burgers will: a.remain constant b. depends on the market conditions c. decrease d. increase

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 4QR

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If Rob the burger guy increases the price of his burgers by 30%, and as a result (ceteris paribus) the number of burgers declines by 20%, then his total sales revenue for burgers will:

a.remain constant

b. depends on the market conditions

c. decrease

d. increase

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