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If Demand Is __________, Price and Total Revenue Are __________

Question 177

Multiple Choice

If demand is __________, price and total revenue are __________ related; if demand is __________, price and total revenue are directly related.


A) elastic; inversely; inelastic
B) inelastic; inversely; elastic
C) unit elastic; not; elastic
D) inelastic; inversely; unit elastic
E) none of the above

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