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Question Completion Status: O 1 0 2 0 4 0 3 QUESTION 19 Sandra consumes two goods-tea and coffee. Her demand for tea is elastic
Question Completion Status: O 1 0 2 0 4 0 3 QUESTION 19 Sandra consumes two goods-tea and coffee. Her demand for tea is elastic while her demand for coffee is inelastic. If there is an increase in the price of both tea and coffee, O Sandra's expenditure on both tea and coffee is likely to increase O Sandra's revenue on both tea and coffee is likely to decrease Sandra's expenditure on coffee will increase and her expenditure on tea will decrease Sandra's expenditure on tea will increase and her expenditure on coffee will decrease QUESTION 20 A firm has an average total cost of $50. If it sells 20 units of its product at $100 each. what is its profit? Click Save and Submit to save and submit. Click Save All Answers to save all answers Save Al
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