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The price of Houndles, a consumer product, has recently been increased. The effect of this has been to increase the total revenues generated by Houndles

The price of Houndles, a consumer product, has recently been increased. The effect of this has been to increase the total revenues generated by Houndles

In terms of price elasticity, demand for Houndles is

O A elastic

OB. perfectly inelastic

O c. inelastic

OD. perfectly elastic

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