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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 5: Elasticity and Its Application
  5. Question
    If the Price Elasticity of Demand Is 1
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If the Price Elasticity of Demand Is 1

Question 11

Question 11

True/False

If the price elasticity of demand is 1.5, a price decrease will cause total revenue to increase.

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