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1. When Leticia decreases her price of earrings from $1? to $15, she nds that her sales increase from 60 to T0. She faces demand

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1". When Leticia decreases her price of earrings from $1? to $15, she nds that her sales increase from 60 to T0. She faces demand for her product, and this price change will her total revenue. A) elastic; raise B) inelastic; lower C) unitary elastic; not change D) perfectly elastic; raise E) perfectly inelastic; lower

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