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  3. Study Set
    Microeconomics Study Set 45
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    Exam 6: Elasticity
  5. Question
    Whenever a Product Is Put on Special Sale at a Discounted
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Whenever a Product Is Put on Special Sale at a Discounted

Question 2

Question 2

True/False

Whenever a product is put on special sale at a discounted price, total revenue from the product increases. This indicates that the coefficient of elasticity for the product is greater than 1.

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