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    Principles of Economics Study Set 8
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    Exam 5: Elasticity and Its Application
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    Suppose the Price Elasticity of Demand for a Product Is
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Suppose the Price Elasticity of Demand for a Product Is

Question 29

Question 29

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Suppose the price elasticity of demand for a product is 1. If a supplier wants to increase revenue, what change should it make to price, if any?

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