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14 22. Which of the following statements are true? d but of Select one: a. Raising the price of an elastic product will lead to
14 22. Which of the following statements are true? d but of Select one: a. Raising the price of an elastic product will lead to an increase in total revenue b. Raising the price of an elastic product will lead to a decrease in total revenue C. Raising the price of an inelastic product will have no impact total revenue d. Raising the price of an inelastic product will lead to a decrease in total revenue 15 . ut of 2. The slope of a demand curve depends on: Select one: a. the units used to measure quantity but not the units used to measure price. b. the units used to measure price and the units used to measure quantity c the units used to measure price but not the units used to measure quantity d. neither the units used to measure price nor the units used to measure quantity
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