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Author Question: A firm raises the price it charges. The firm's total revenue decreases. What can we conclude about ... (Read 62 times)

Engineer

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on: May 24, 2019
A firm raises the price it charges. The firm's total revenue decreases. What can we conclude about the price elasticity of demand?
◦ Demand is elastic.
◦ Demand is unit elastic.
◦ Demand is inelastic.
◦ Demand is perfectly inelastic.
◦ Not enough information is given to conclude anything about price elasticity of demand.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Engineer on May 24, 2019

Liamb2179

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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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Engineer

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
:D TYSM

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