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Business, 07.07.2021 03:00 elijahjoyner20

Suppose that the price of good X rises from $12.00 to $12.90, and as a result the quantity demanded of good X falls from 5,000 units to 4,600 units. The (absolute value of) price elasticity of demand for good X is , indicating that good X is price . This increase in price caused total revenue to .

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Suppose that the price of good X rises from $12.00 to $12.90, and as a result the quantity demanded...

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