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@Gabrielle @Gabrielle
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5 years ago
Which of the following is FALSE regarding inelastic demand?
A) Price elasticity of demand is less than 1 (Ep < 1).
B) If a firm raises price, total revenues will go up.
C) Price elasticity of demand is greater than 1 (Ep > 1).
D) If a firm lowers price, total revenues will fall.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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DragonHeartDragonHeart
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5 years ago
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@Gabrielle Author
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5 years ago
Above and beyond my expectations for this site
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