Question: If a price reduction results in a decrease in the company's total revenue:a . The price decline increases the company's profits.b . Demand for the

If a price reduction results in a decrease in the company's total revenue:a. The price decline increases the company's profits.b. Demand for the good is inelastic in this price range.c. in In this price range the coefficient of elasticity of demand will be greater than 1.d. The product is an inferior good.

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