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Author Question: If the total revenue of producers rises for an initial cut in the price of their product but falls ... (Read 77 times)

Maddie9229

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on: Oct 12, 2022
If the total revenue of producers rises for an initial cut in the price of their product but falls for further reductions in price, the price elasticity of demand for the product
◦ is unity.
◦ rises and then falls.
◦ is zero.
◦ declines as price falls.
◦ rises as price falls.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Maddie9229 on Oct 12, 2022

sadoniam

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Reply #1 on: Oct 12, 2022
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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Maddie9229

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Reply 2 on: Oct 12, 2022
Gracias!

LVPMS

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

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