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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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