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Suppose a rm is presently making and selling a good for a price of 57 dollars per unit and the elasticity of demand is equal
Suppose a rm is presently making and selling a good for a price of 57 dollars per unit and the elasticity of demand is equal to 0.80. The rm is considering cutting their level of output by three thousand units. You have been asked to provide an estimate of the change in total revenue that will result
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