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Business, 29.11.2019 04:31 niya11057

Adecrease in price from $20 to $10 leads to a a. decrease in total revenue of $200, so the price elasticity of demand is less than 1 in this price range. b. decrease in total revenue of $120, so the price elasticity of demand is less than 1 in this price range. c. decrease in total revenue of $200, so the price elasticity of demand is greater than 1 in this price range. d. decrease in total revenue of $120, so demand is elastic in this price range.

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Adecrease in price from $20 to $10 leads to a a. decrease in total revenue of $200, so the price ela...
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