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28 Sep 2019
1. If the price elasticity of demand is -0.8 and the firm increases price, revenue will
a. Increase
b. Decrease
c. Stay constant
d. Become zero
2. Given that the own-price elasticity of demand for a brand of shoes is -2, the demand for this brand of shoes is
a. unitary elastic
b. indeterminate
c. elastic
d. inelastic
1. If the price elasticity of demand is -0.8 and the firm increases price, revenue will
a. Increase
b. Decrease
c. Stay constant
d. Become zero
2. Given that the own-price elasticity of demand for a brand of shoes is -2, the demand for this brand of shoes is
a. unitary elastic
b. indeterminate
c. elastic
d. inelastic
larryrambo777Lv10
9 Mar 2023
Yusra AneesLv10
28 Sep 2019
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