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2. Shiner recently reduced its price by 5% and its total revenues increased by 3%. What can we conclude about Shiner's own-price elasticity of demand?

2. Shiner recently reduced its price by 5% and its total revenues increased by 3%. What can we conclude about Shiner's own-price elasticity of demand? elastic, we cannot conclude anything for sure, inelastic, unit elastic, it must be nonlinear

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