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2.9 Describe what will happen to total revenue in the follow- ing situations, a. Price decreases and demand is elastic. b. Price decreases and demand

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2.9 Describe what will happen to total revenue in the follow- ing situations, a. Price decreases and demand is elastic. b. Price decreases and demand is inclastic. c. Price increases and demand is elastic. d. Price increases and demand is inelastic. e. Price increases and demand is unitary elastic. f. Price decreases and demand is perfectly inelastic. g. Price increases and demand is perfectly elastic

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