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Determine whether each of the statements is true or false. True Answer Bank A Swiffer floor sweeper and a broom would have a positive cross

Determine whether each of the statements is true or false.

True

Answer Bank

A Swiffer floor sweeper and a broom would have a positive cross

-

price elasticity of demand.

When supply is perfectly inelastic, a change in demand has no effect on the price.

If the quantity effect dominates the price effect, a price increase will cause total revenue to rise.

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