Business
Business, 17.03.2020 22:27, aons

If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is

a.
zero.

b.
inelastic.

c.
less than 0.5 in absolute value.

d.
greater than 1 in absolute value.

answer
Answers: 1

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If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is

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