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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
The total revenue test says
i.   Demand is elastic if a decrease in price results in an increase in total revenue.
ii.   Total revenue is maximized when demand is elastic.
iii.   Total revenue is minimized when demand is unit elastic.
A) i only
B) i and ii
C) ii and iii
D) i, ii and iii
E) ii only
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
You're welcome Happy Dummy
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