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    Survey of Economics Study Set 1
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    Exam 5: Price Elasticity of Demand
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    If the Demand for a Product Is Inelastic, Then a Price
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If the Demand for a Product Is Inelastic, Then a Price

Question 7

Question 7

True/False

If the demand for a product is inelastic, then a price increase will result in a decrease in total revenue.

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