Multiple Choice
If my dentist decides to lower the price of teeth whitening treatments, total sales (revenues) for treatments will go up if:
A) excess supply for teeth whitening services exists.
B) price elasticity is less than one.
C) price elasticity is greater than one.
D) excess demand for teeth whitening services exists.
E) price elasticity of demand has changed.
Correct Answer:
Verified
Correct Answer:
Verified
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