Question: Elasticity of demand is E ( p ) = - p f ' ( p ) f ( p ) . Match each situation with
Elasticity of demand is Match each situation with the proper values of
A small decrease in unit price will cause revenue to increase.
A small increase in the unit price will cause revenue to decrease.
A small increase or decrease in unit price will causes revenue to decrease.
A small increase in unit price will cause revenue to
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