8.2. If demand is price elastic, then: Select one: a. a fall in price will lower the...
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Question:
8.2. If demand is price elastic, then: Select one:
a. a fall in price will lower the quantity demanded.
b. a fall in price will raise total revenue.
c. a rise in price won\'t have any effect on total revenues.
d. a rise in price will raise total revenue
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