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If the price elasticity of demand for cereal is .85, and suppliers raise their prices, they would expect that their: total revenue will decrease. total

If the price elasticity of demand for cereal is .85, and suppliers raise their prices, they would expect that their:

total revenue will decrease.
total revenue will increase.
total revenue will remain constant.
Profits will increase.

Households may invest in ______________ to ____________ .

tangible assets; to maintain liquidity
stocks; guarantee a consistent return
bonds; guarantee capital gains
mutual funds; minimize risk

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