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shaerovira shaerovira
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5 years ago

Question 1.

If a firm wants to increase revenue, it should decrease the selling price of its product if it is currently producing in the ________ portion of its demand curve.



▸ elastic

▸ inelastic

▸ unit elastic

▸ perfectly inelastic

Question 2.

If a firm wants to increase revenue, it should increase the selling price of its product if it is currently producing in the ________ portion of its demand curve.



▸ elastic

▸ inelastic

▸ unit elastic

▸ perfectly elastic
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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NicoleLoveNicoleLove
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5 years ago
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shaerovira Author
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5 years ago
Correct Slight Smile TY
jbag1237
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Yesterday
Just got PERFECT on my quiz
dearsophia21
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2 hours ago
Smart ... Thanks!
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