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    Exam 5: Elasticity: a Measure of Responsiveness
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    If the Price Elasticity of Demand Is Exactly 1,then a Decrease
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If the Price Elasticity of Demand Is Exactly 1,then a Decrease

Question 26

Question 26

True/False

If the price elasticity of demand is exactly 1,then a decrease in the price will result in an increase in total revenue.

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