Question: True/False, Explain: For the following statement about elasticity (price and cross price), indicate True or False and explain your answer. Use math to explain your

True/False, Explain: For the following statement about elasticity (price and cross price), indicate True or False and explain your answer. Use math to explain your answer, where appropriate. The qualitative answer should be about hundred words.

If the price elasticity is zero, then any price change will also have a zero effect on total revenue.

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