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Home Q & A Board Other Fields Homework Help Business Economics
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thanhha78 thanhha78
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6 years ago
Suppose that the elasticity of demand for a product is 0.5. What will happen to total revenue as a firm increases the price?
A) Total revenue will decrease.
B) Total revenue will increase.
C) Total revenue will stay the same.
D) Cannot be determined from the information provided.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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thanhha78 Author
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6 years ago
Thanks for your help!!
zsc999
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Yesterday
Helped a lot
ediblefruitz
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2 hours ago
Correct Slight Smile TY
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