Price decreases from $70 to $60. Demand is and total revenue .

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Price decreases from $70 to $60. Demand is ______ and total revenue ______.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:10 AM

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Price decreases from $70 to $60. Demand is ______ and total revenue ______.

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Demand is elastic 100 5...View the full answer

Microeconomics

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Price decreases from $70 to $60. Demand is and total revenue .