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Price Quantity Demanded (dollars per chip (millions of chips per year) 200 50 250 45 300 40 350 35 400 30 ) Refer to the

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Price Quantity Demanded (dollars per chip (millions of chips per year) 200 50 250 45 300 40 350 35 400 30 ) Refer to the table. The table shows the demand schedule for computer chips. As the price rises from $200 a chip to $300 a chip, total revenue So at a price of $250 a chip, demand is C falls; rises rises; elastic falls; inelastic rises; inelastic OO rises; unit elastic

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