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please answer both!! Assume the price elasticity of demand for personal computers is 0.5, if the sellers decrease the price, the total revenue of sellers
please answer both!!
Assume the price elasticity of demand for personal computers is 0.5, if the sellers decrease the price, the total revenue of sellers will: increase: decrease. either decrease of remain constant, depending upon the sizc of the price increase. remain constant. Question 2 Suppose the price elasticity of demand is given by E=Q900. What quantity level maximizes total revenue? 30 40 50 20 Step by Step Solution
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