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If demand is inelastic an increase in price results in an increase in total revenue. True or FalseIna command economy makes rules for distribution establishes
If demand is inelastic an increase in price results in an increase in total revenue. True or FalseIna command economy makes rules for distribution establishes what will be produced and when, sets production goals and Select one a. A centralised authority b. Individuals and households c. Only privately owned firms d. Individuals, households and privately owned firms
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