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Suppose That at the Price Dollars the Demand for a Product

Question 93

Multiple Choice

Suppose that at the price Suppose that at the price dollars the demand for a product is elastic. If the price is decreased, what will happen to revenue? A) increase B) decrease C) stay the same dollars the demand for a product is elastic. If the price is decreased, what will happen to revenue?


A) increase
B) decrease
C) stay the same

Correct Answer:

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