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Author Question: Suppose that an Italian ice cream firm is facing a linear demand curve and that the current price ... (Read 80 times)

amal

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on: Jul 20, 2019
Suppose that an Italian ice cream firm is facing a linear demand curve and that the current price for the Italian ice cream is set at a point where the price elasticity is 0.7. If the firm decreases the product price:
◦ the demand becomes less inelastic and total revenue increases.
◦ the demand becomes more inelastic and total revenue increases.
◦ the demand becomes less inelastic and total revenue decreases.
◦ the demand becomes more inelastic and total revenue decreases.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by amal on Jul 20, 2019

annierak

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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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amal

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Reply #2 on: Jul 20, 2019
Thank you!


annierak

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Reply #3 on: Jul 20, 2019
Always glad to help...


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