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Products X,Y,and Z Have Price Elasticities of 3

Question 192

Multiple Choice

Products X,Y,and Z have price elasticities of 3.0,0.80,and 1.0 respectively.Total revenue decreases if the price of

A) product X falls.
B) product Y falls.
C) product Z falls.
D) product X or product Z falls.
E) product Y or product Z falls.

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