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Originally the price of a new sweater is $90 and 100 sweaters are sold. The price decreases to $80 and the quantity of sweaters sold
Originally the price of a new sweater is $90 and 100 sweaters are sold. The price decreases to $80 and the quantity of sweaters sold increases to 110. The change in total revenue is _____ and the elasticity of demand is _____
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International Economics
Authors: James Gerber
6th edition
978-0132950145, 132950146, 132948915, 978-0132948913
