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5 Dec 2018
37. If a reduction in the supply of a good causes the price to rise and total revenue to fall, then we can infer that the price elasticity of demand is: (a) equal to one. (b) none of the above. (c) less than 1. (d) greater than one.
37. If a reduction in the supply of a good causes the price to rise and total revenue to fall, then we can infer that the price elasticity of demand is: (a) equal to one. (b) none of the above. (c) less than 1. (d) greater than one.
larryrambo777Lv10
26 Mar 2023
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Nestor RutherfordLv2
7 Dec 2018
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