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Author Question: Assume that when a lamp manufacturer decreases its price its total revenue does not change. What do we know? (Read 69 times)

ssal

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Assume that when a lamp manufacturer decreases its price its total revenue does not change. What do we know?
◦ Demand is price elastic.
◦ Demand is perfectly price elastic.
◦ Demand is unitary elastic.
◦ Demand is price inelastic.


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Marked as best answer by ssal on Jul 20, 2019

Alyson.hiatt@yahoo.com

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