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    Modern Principles of Economics Study Set 2
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    Exam 5: Elasticity and Its Applications
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    The Demand Curve for Computer Chips Is Inelastic So Revenues
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The Demand Curve for Computer Chips Is Inelastic So Revenues

Question 118

Question 118

True/False

The demand curve for computer chips is inelastic so revenues for the computer chip industry have increased with a decrease in the price of computer chips.

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