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Author Question: The figure shows a demand curve. The price elasticity at point C equals 1.00. Suppose the price ... (Read 77 times)

frankwu

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on: May 24, 2019



The figure shows a demand curve.  The price elasticity at point C equals 1.00.
Suppose the price falls from $10 to $5. As a result, total revenue will
◦ increase because demand is inelastic.
◦ decrease because demand is unit elastic.
◦ decrease because demand is inelastic.
◦ not change because the price change is too small.
◦ increase because demand is elastic.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by frankwu on May 24, 2019

Juro

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Reply #1 on: May 24, 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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frankwu

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Reply #2 on: May 24, 2019
Thanks


Juro

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Reply #3 on: May 24, 2019
Welcome :)


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