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Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800 Exercise 2
If demand is elastic and price is lowered, total revenue will ________
A) rise
B) fall
C) stay the same
D) possibly rise or possibly fall
A) rise
B) fall
C) stay the same
D) possibly rise or possibly fall
Explanation
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Verified
When demand is elastic, a decrease in pr...
Economics 11th Edition by Stephen Slavin
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