Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 5, Problem 3MCQ

The price elasticity of demand for a good is 0.2. A 10 percent rise in the price will the total revenue from sales of the good.

A. decrease

B. increase

C. decrease the quantity sold with no change in

D. not change

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