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When Taylor Raised the Price of Earrings at Taylor's Boutique

Question 32

Multiple Choice

When Taylor raised the price of earrings at Taylor's Boutique, her total revenue from selling earrings increased. This suggests that:


A) the demand for Taylor's earrings at the original price was elastic.
B) there are many other boutiques competing with Taylor.
C) there was excess demand for earrings at the original price.
D) the demand for Taylor's earrings at the original price was inelastic.

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