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    Exam 19: Pricing Concepts
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    If the Formula for Elasticity Results in a Measure of Elasticity
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If the Formula for Elasticity Results in a Measure of Elasticity

Question 82

Question 82

True/False

If the formula for elasticity results in a measure of elasticity (E)equal to 1,the increase in sales exactly offsets the decrease in price so that total revenue remains the same.

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