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QUESTION
____ 17. A price cut will decrease the revenue a firm receives if the demand for its product is Note: On the exam you will need to explain why?
____ 17. A price cut will decrease the revenue a firm receives if the demand for its product is Note: On the exam you will need to explain why? A. elastic. B. inelastic. C. of unit elasticity. D. straight elastic. Name: ________________________ ____ 18. A price cut will increase the revenue a firm receives if the demand for its product is Note: On the exam you will need to explain why? A. elastic. B. inelastic. C. of unit elasticity. D. straight elastic.
