When demand is elastic,if we were to lower price,total revenue would _________;when demand is inelastic,if we were to lower price,total revenue would _______.
Correct Answer:
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Q195: When demand is elastic,if we were to
Q196: As the elasticity of demand falls,the tax
Q197: The seller passes on the entire tax
Q199: In the _ (short run/long run)a steel
Q200: If the price of chocolate goes up
Q201: The demand for Phillips gasoline is more
Q202: If price were lowered from $22 to
Q203: In the space provided in the graph
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