SURVEY OF ECONOMICS
SURVEY OF ECONOMICS
10th Edition
ISBN: 2818440041594
Author: Tucker
Publisher: CENGAGE L
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Chapter 5, Problem 10SQ

Along a segment of the demand curve where the price elasticity of demand is less than 1, a decrease in price

  1. a. is impossible.
  2. b. will increase total revenue.
  3. c. will decrease total revenue.
  4. d. decreases quantity demanded.
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