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The Correct Relationship Between the Price Elasticity of Demand and Total

Question 81

Multiple Choice

The correct relationship between the price elasticity of demand and total revenue is that,if demand is ___________,a price increase will ______________ total revenue.


A) elastic;increase
B) inelastic;increase
C) unit-elastic;decrease
D) unit-elastic;increase
E) inelastic;decrease

Correct Answer:

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