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Author Question: Suppose that you observe that as a TV manufacturer increases its price its total revenue decreases. ... (Read 44 times)

gonzo233

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Suppose that you observe that as a TV manufacturer increases its price its total revenue decreases. This could be due to:
◦ demand being price inelastic.
◦ demand being price elastic.
◦ demand being perfectly price inelastic.
◦ demand being unitary elastic.


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Marked as best answer by gonzo233 on Jul 20, 2019

aadams68

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