question archive 1)State true or false and justify your answer: If the price elasticity of demand for a good is 3, then total revenue will increase
1)State true or false and justify your answer: If the price elasticity of demand for a good is 3, then total revenue will increase
Subject:EconomicsPrice:2.88 Bought3
1)State true or false and justify your answer:
If the price elasticity of demand for a good is 3, then total revenue will increase.
2)State true or false and justify your answer:
Demand for a product is more elastic in the long run than in the short run.
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