Business
Business, 27.09.2019 01:20, blxxmgrxcie

Which of the following statements is true?
a) if the price of a good is raised and total revenue increases, demand is inelastic.
b) if the price of a good is lowered and total revenue increases, demand is inelastic.
c) if the price of a good is lowered and total revenue decreases, demand is elastic.
d) if the price of a good is raised and total revenue does not change, demand is perfectly elastic.

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Answers: 2

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Which of the following statements is true?
a) if the price of a good is raised and total rev...

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