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16-09-2020
Business

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what is it called when raising the price of a good will increase the firm's total revenue, decreasing the price will decrease the total revenue?

Respuesta :

16-09-2020

Answer:

total revenue test: elastic. If demand is elastic, a decrease in price will increase total revenue, and an increase in price will reduce total revenue. total revenue: inelastic.

Explanation:

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