An increase in the price of computer chips causes a decrease in the total revenue of computer

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An increase in the price of computer chips causes a decrease in the total revenue of computer chip manufacturers. The price elasticity of demand for computer chips is:

a. positive and inelastic.

b. inelastic.

c. elastic.

d. positive and elastic.

Related Book For answer-question

Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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Posted Date: Feb 15, 2023 01:30 AM

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An increase in the price of computer chips causes a decrease in the total revenue of computer

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The detailed answer for the above question is provided below b Inelastic explanation Price elasticit... View the full answer

Microeconomics

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