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question #8 A firm increased its selling price by 5% and the quantity demanded decreased by 4%. The price elasticity of demand is and the

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question #8

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A firm increased its selling price by 5% and the quantity demanded decreased by 4%. The price elasticity of demand is and the firm's total revenue O - 1.25, decreased O - 0.8, decreased O None of the choices listed is correct. O - 0.8, increased O - 1.25, increased

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