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    Principles of Microeconomics
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    Exam 5: Elasticity and Its Application
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    Which of the Following Could Be the Price Elasticity of Demand
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Which of the Following Could Be the Price Elasticity of Demand

Question 294

Question 294

Multiple Choice

Which of the following could be the price elasticity of demand for a good for which an increase in price would increase revenue?


A) 0.2
B) 1
C) 1.5
D) All of the above could be correct.

Correct Answer:

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