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Benton Foods 2 Benton Foods, which is one of the largest frozen foods manufacture in the U.S., is introducing a new frozen sea food to

Benton Foods 2 Benton Foods, which is one of the largest frozen foods manufacture in the U.S., is introducing a new frozen sea food to the market. Demand for such products is generally considered price elastic. This means. ) Quantity demanded decreases when price is decreased ) Quantity demanded increases when price is increased () Total revenue increases when price is decreased ()Total revenue decreases when price is increased @) Total revenue increases when price is decreased and Total revenue decreases when price is increased are both correct 1 73 E CI

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