If a firm decreases its prices and total revenues subsequently increase, then we know: demand is relatively elastic b. demand is relatively… | Cheap Nursing Papers
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If a firm decreases its prices and total revenues subsequently increase, then we know: demand is relatively elastic b. demand is relatively…

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1.    If a firm decreases its prices and total revenues subsequently increase, then we know:

a.     demand is relatively elastic

b.    demand is relatively inelastic

c.     demand is unitary elastic

ANSWER:   _______

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