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Home Q & A Board Other Fields Homework Help Business Economics
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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
Business executives who think the demand for their product is very elastic at the current price are assuming
A) the demand will become less elastic at a higher price.
B) they will be able to sell more units at a higher price.
C) they will sell fewer units but receive more dollars in sales revenue at a higher price.
D) they will sell more units and receive more dollars in sales revenue at a lower price.
E) they will sell more units but receive fewer dollars in sales revenue at a lower price.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
9 years ago
Thanks for the feedback Slight Smile
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