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Answer to Question #235402 in Economics for Sifiso Siboniso NA

Question #235402
If the total revenue from the sales of a good rises by 10% when its price is increased by 10%, the demand for the good must



A. be unitary elastic.



B. be perfectly price elastic.



C. be perfectly price inelastic.



D. have a price elasticity of -1.
1
Expert's answer
2021-09-10T12:21:19-0400

A. be unitary elastic.


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