Agree or disagree with explanations: If the total revenue is constant regardless of the changes of the
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Agree or disagree with explanations:
If the total revenue is constant regardless of the changes of the market prices, the price elasticity of demand will be inelastic but if the total revenue increases with the increasing of the price, the price elasticity of demand will be elastic.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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