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12 November, 04:03

If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is

a.

zero.

b.

inelastic.

c.

less than 0.5 in absolute value.

d.

greater than 1 in absolute value.

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Answers (1)
  1. 12 November, 04:19
    0
    Answer

    B. Inelastic

    This is because any changes doesn't affect it.
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