Question
If the value of the price elasticity of X is 1.45, then a price decrease of X will a. decrease revenues for the suppliers of
If the value of the price elasticity of X is 1.45, then a price decrease of X will
a. decrease revenues for the suppliers of X
b. increase revenues for the suppliers of X
c. will not affect revenues for the suppliers of X
d. will increase or decrease revenues for the suppliers of X
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
