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QUESTION 11 The price elasticity of demand for a product is -2.75. You know that... O Sales Revenue (Total Revenue) will increase if we raise
QUESTION 11 The price elasticity of demand for a product is -2.75. You know that... O Sales Revenue ("Total Revenue") will increase if we raise the price. O Sales Revenue ("Total Revenue") will increase if we lower the price. O Sales Revenue ("Total Revenue") is maximized. It will fall if we change the price at all. O Not enough information to answer this
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