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If a revenue-maximizing firm is told that the price elasticity of demand is equal to one, it should a) raise prices 1 percent b) lower

If a revenue-maximizing firm is told that the price elasticity of demand is equal to one, it should

a) raise prices 1 percent

b) lower prices 1 percent

c) keep the price where it is

d) raise price until the elasticity becomes very high

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