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Assume that the price of toilet paper increased by 20% and the total revenue of toilet paper firms increased by 20%. From this we know

Assume that the price of toilet paper increased by 20% and the total revenue of toilet paper firms increased by 20%. From this we know _____________.

There is not enough information to answer this question.

Price elasticity if demand is inelastic

Price elasticity of demand is unit elastic

Price elasticity of demand is elastic

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