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A decrease in price will cause a firm's total revenue to decrease if demand is price inelastic. True False
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A decrease in price will cause a firm's total revenue to decrease if demand is price inelastic. True False
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Oct 2, 2024
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A decrease in price will cause a firm's total revenue to decrease if demand is price inelastic. True False
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Answer: true
Explanation: the overall profit would decrease in value
Hemant Parihar
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Oct 9, 2024
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Hemant Parihar
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