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Author Question: The figure shows a demand curve. The price elasticity of demand at point C = 1.00. If the price ... (Read 124 times)

rosent76

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on: May 24, 2019



The figure shows a demand curve.  The price elasticity of demand at point C = 1.00.
If the price increases from $20 to $25, total revenue will
◦ decrease because demand is elastic.
◦ decrease because demand is unit elastic.
◦ increase because the price has doubled.
◦ increase because demand is inelastic.
◦ more information is needed to determine what will happen to total revenue.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by rosent76 on May 24, 2019

nhea

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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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rosent76

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

carojassy25

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

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