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The Elasticity Coefficients of Demand Are 2

Question 31

Multiple Choice

The elasticity coefficients of demand are 2.6,0.5,1.4,and 0.18 for demand schedules D1,D2,D3,and D4.A 2 percent price increase will result in an increase in total revenues in the cases of:


A) D1 and D3.
B) D1 and D4.
C) D2 and D4.
D) D1,D2,and D3.

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