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Assume that for a particular good, the demand is price elastic. We can infer that a A price increase will result in an increase in
Assume that for a particular good, the demand is price elastic. We can infer that a A price increase will result in an increase in total revenue B price increase will have no effect on total revenue C price decrease will lead to a lowering of the quantity demanded D price decrease will lead to an increase in total revenue
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
