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thatguy67 thatguy67
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A year ago
If the total revenue of producers rises for an initial cut in the price of their product but falls for further reductions in price, the price elasticity of demand for the product

▸ is unity.

▸ rises and then falls.

▸ is zero.

▸ declines as price falls.

▸ rises as price falls.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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shanej399shanej399
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