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Consider a Demand Curve That Has a Constant Elasticity Value

Question 174

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Consider a demand curve that has a constant elasticity value of 0.What happens to quantity demanded and total revenue when price increases?


A) The quantity demanded and total revenue remain the same.
B) The quantity demanded does not change but total revenue increases.
C) The quantity demanded and total revenue fall to zero.
D) The quantity demanded does not change but total revenue decreases.

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