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When demand is ________, increases in price result in increases in total revenues, while decreases ...

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When demand is ________, increases in price result in increases in total revenues, while decreases ...

When demand is ________, increases in price result in increases in total revenues, while decreases in price result in decreases in total revenue.
a. elastic
b. inelastic
c. flexible
d. supply-driven
e. cross-elastic

Textbook

Marketing: Real People, Real Choices

Edition: 4^th

Authors: Solomon, Marshall, Stuart, Smith, Charlebois, Shah

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Rgary Author

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excellent answer

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