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3. Price Elasticity of Demand and Total Revenue (or, Total Expenditures) For the following goods, tell me whether an increase in price (ceteris paribus} is
3. Price Elasticity of Demand and Total Revenue (or, Total Expenditures) For the following goods, tell me whether an increase in price (ceteris paribus} is liker to decrease or increase revenue from the sale of the good. Why? a. Insulin b. One farmer's corn c. Pizza with the following ingredients: pepperoni, sausage, onion, mushroom, green pepper (1. Pizza in general e. Food in general f. Diamond tiaras
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