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12. A mobile phone company has 2 million customers for a package of services. Each customer pays a monthly fee of $25. The company conducts

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12. A mobile phone company has 2 million customers for a package of services. Each customer pays a monthly fee of $25. The company conducts market research and estimates that price elasticity of demand for this package is -2. If the company reduces monthly fees by $5, the change in total revenue is likely to be: a) + f6 million b) - E3 million c) - t6 million d) +f3 million

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