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When the MontrealGazette newspaper lowered the weekly subscription price from $5.80 to $5.22 a savings of 10% the number of subscriptions sold increased by 15%.

When the MontrealGazette newspaper lowered the weekly subscription price from $5.80 to $5.22 a savings of 10% the number of subscriptions sold increased by 15%. This suggests that their customers have ________ demand and that the lower price ________ revenues.

a inelastic;

increased

b

elastic;

decreased

c

elastic;

increased

d

Inelastic

decreased

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