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Home Q & A Board Other Fields Homework Help Business Economics
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Retnec Retnec
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6 years ago
If demand was inelastic (but not perfectly inelastic), a price increase would reduce the quantity sold, but raise the firm's total revenue.
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Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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hecosmetichecosmetic
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Retnec Author
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#2
6 years ago
You have the correct answer! Smiling Face with Halo
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