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Phydeaux Phydeaux
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6 years ago
A technological breakthrough lowers the cost of yoga mats. If the demand for yoga mats is price inelastic, yoga mat sales
A) decrease and total revenue increases.
B) decrease and total revenue decreases.
C) increase and total revenue increases.
D) increase and total revenue decreases.
E) increase, but changes in total revenue depend on elasticity of supply.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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6 years ago
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wrote...
#2
3 years ago
thank you
Anonymous
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#3
A year ago
Help! The answer is missing an explanation...
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#4
A year ago
Added more to my answer!
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