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best answer. 1. If demand is inelastic and price is raised, total revenue will - (LO3) rise b) fall c) stay the same d) possibly

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best answer. 1. If demand is inelastic and price is raised, total revenue will - (LO3) rise b) fall c) stay the same d) possibly rise or possibly fall 2. If demand is elastic and price is lowered, total revenue will (LO3) a ) rise b) fall c) stay the same d) possibly rise or possibly fall

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