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Home Q & A Board Other Fields Homework Help Business Economics
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Ryanteck Ryanteck
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7 years ago
At a price of $11, quantity demanded is 90; and at a price of $9, quantity demanded is 110. Since total revenue ________ by the price decrease, demand must be ________.
A) is unchanged; unit elastic
B) is unchanged; elastic
C) is increased; elastic
D) is decreased; inelastic
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goldlilysgoldlilys
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7 years ago
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