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When the price decreases from $10 to $2 total revenue $10 icn Demand Quantity A decreases from areas A B to areas B C and demand is inelastic decreases from areas

Use Figure 21.2. When the price decreases from $10 to $2, total revenue...$10--- ? icn Demand Quantity A) decreases from areas A + B to areas B + C and demand is inelastic. 5 B) decreases from areas A + B to areas B + C and demand is inelastic. C) increases from areas C + D to areas B + A and demand is elastic. D) increases from areas B + C to areas A + B and demand is inelastic. Explain why

Apr 21 2020 View more View Less

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