Why is an increase in price more likely to decrease the total revenue of a seller in

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Why is an increase in price more likely to decrease the total revenue of a seller in the long run than in the short run?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 06:07 AM

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Why is an increase in price more likely to decrease the total revenue of a seller in

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Since the elasticity of demand is greater in the long run than the sh...View the full answer

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