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When Taylor Raised the Price of Earrings at Taylor's Boutique,total

Question 86

Multiple Choice

When Taylor raised the price of earrings at Taylor's Boutique,total revenue from earrings increased.This suggests that:


A) the demand for Taylor's earrings at the original price must be elastic.
B) there are too many other boutiques competing with Taylor.
C) there was excess demand for earrings at the original price.
D) the demand for Taylor's earrings at the original price was inelastic.

Correct Answer:

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