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Other Fields Homework Help Economics Topic started by: Retnec on May 25, 2017



Title: If demand was inelastic (but not perfectly inelastic), a price increase would reduce the quantity ...
Post by: Retnec on May 25, 2017
If demand was inelastic (but not perfectly inelastic), a price increase would reduce the quantity sold, but raise the firm's total revenue.
 ( T / F )?


Title: Re: If demand was inelastic (but not perfectly inelastic), a price increase would reduce the ...
Post by: hecosmetic on May 25, 2017
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Title: Re: If demand was inelastic (but not perfectly inelastic), a price increase would reduce the quantity ...
Post by: Retnec on Jul 5, 2017
You have the correct answer! :innocent: