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Refer to Figure 5 - 6 . If price increases from $ 1 0 to $ 1 5 , total revenue will increase by $

Refer to Figure 5-6. If price increases from $10 to $15, total revenue will
increase by $20, so demand must be inelastic.
increase by $5, so demand must be inelastic.
decrease by $20, so demand must be elastic.
decrease by $10, so demand must be elastic.
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