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If the price elasticity of demand is 2.0, and a firm raises its price by 10 percent, the total revenue will a. Not change. b.

If the price elasticity of demand is 2.0, and a firm raises its price by 10 percent, the total revenue will

a. Not change.

b. Fall by an undeterminable amount given the information available.

c. Rise.

d. Fall by 20 percent.

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