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    Economics for Managers
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    Exam 10: Pricing Strategies for the Firm
  5. Question
    Assume the Price Elasticity of Demand for a Good Is
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Assume the Price Elasticity of Demand for a Good Is

Question 16

Question 16

True/False

Assume the price elasticity of demand for a good is -3.In this case,a decrease in price would result in marginal revenue of (2/3)P.

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