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1- % CHANGE % CHANGE IN PRICE IN QUANTITY ELASTICITY Demand for Ben & + 10% -12% a. Jerry's Ice Cream Demand for beer at

1-
% CHANGE % CHANGE IN PRICE IN QUANTITY ELASTICITY Demand for Ben & + 10% -12% a. Jerry's Ice Cream Demand for beer at -20% b. -.5 San Francisco 49ers football games20199 20209 201999: 2020 g'gg Demand for: a. Lungdistance $0.25 $0.15 300 min. 400 min. telephone service per min. per min. per month per month Describe what will happen to total revenue in the following situations. a. Price decreases and demand is elastic. b. Price decreases and demand is inelastic. c. Price increases and demand is elastic. d. Price increases and demand is inelastic. e. Price increases and demand is unitar',r elastic

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