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Author Question: Suppose that when a particular firm decreases its price its total revenue decreases. What kind of ... (Read 91 times)

tatyanajohnson

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on: Jul 20, 2019
Suppose that when a particular firm decreases its price its total revenue decreases. What kind of demand does this particular firm face?
◦ Demand is price elastic.
◦ Demand is price inelastic.
◦ Demand is perfectly price elastic.
◦ Demand is unitary elastic.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by tatyanajohnson on Jul 20, 2019

Jmfn03

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Reply #1 on: Jul 20, 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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tatyanajohnson

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Reply 2 on: Jul 20, 2019
Thanks for the timely response, appreciate it

robbielu01

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

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