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Assume that the price elasticity of demand is -2 for a certain firm's product. If the firm raises price, the firm's managers can expect total

Assume that the price elasticity of demand is -2 for a certain firm's product. If the firm raises price, the firm's managers can expect total revenue to: Select one: O a. Decrease O b. Increase OC. O d. Oe. Remain constant Either increase or remain constant depending upon the size of the price increase. none of the above
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Assume that the price elasticity of demand is -2 for a certain firm's product. If the firm raises price, the firm's managers can expect total revenue to: Select one: a. Decrease b. Increase c. Remain constant d. Either increase or remain constant depending upon the size of the price increase. e. none of the above

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