For each of the following, identify whether total revenue rises, falls, or remains constant: (a) Demand is
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(a) Demand is inelastic and price falls.
(b) Demand is elastic and price rises
(c) Demand is unit elastic and price rises
(d) Demand is inelastic and price rises
(e) Demand is elastic and price falls.
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a Total revenue falls b T...View the full answer
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