When demand is inelastic, a decrease in price will result in a decrease in total revenue.
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Q79: If a firm wants to increase revenue,
Q80: Price and total revenue move in the
Q81: When there are fewer substitutes for a
Q82: When demand is unit elastic, a decrease
Q83: When there are more substitutes for a
Q85: The determinants of elasticity include
A) availability of
Q86: Every point on a linear demand curve
Q87: When demand is unit elastic, an increase
Q88: The less time that elapses, the
A) less
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