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The owner of the local music shop wants to increase total revenue. He decides to charge discounted prices for the CDs. He believes that: Question

The owner of the local music shop wants to increase total revenue. He decides to charge discounted prices for the CDs. He believes that: Question 3Select one: a. demand for CDs is inelastic. b. sales will remain the same. c. a decrease in price will greatly increase quantity demanded. d. the price of CDs will not affect quantity demanded

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