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Author Question: When the price of oysters decreases 25%, quantity demanded increases 10%. The price elasticity of ... (Read 153 times)

SGallaher96

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on: Apr 19, 2019

When the price of oysters decreases 25%, quantity demanded increases 10%. The price elasticity of demand for oysters is ________ and total revenue from oyster sales will ________.


◦ inelastic; increase
◦ inelastic; decrease
◦ elastic; decrease
◦ elastic; increase
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by SGallaher96 on Apr 19, 2019

heyhey123

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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SGallaher96

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

diana chang

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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