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K If a 2 percent rise in the price of peanut butter causes total revenue to fall by 1 percent, then demand for peanut butter

K If a 2 percent rise in the price of peanut butter causes total revenue to fall by 1 percent, then demand for peanut butter OA. is unit elastic. B. is inelastic. OC. has a price elasticity of 2.0. OD. is elastic.
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If a 2 percent rise in the price of peanut butter causes total reverue to fall by 1 percent, then demand for peanut butter A. is unit elastic B. is inelastic C. has a price-elasticity of 20 D. is elastic

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