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1Suppose that at a price of $55, 100 units were sold while at a price of $33, 153 units were sold. By calculating the T
1Suppose that at a price of $55, 100 units were sold while at a price of $33, 153 units were sold. By calculating the Total Revenue, can you determine whether demand is elastic, unit elastic, or inelastic? Explain your answer.
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