Fill in the blanks.
-If price rises and total revenue rises, demand must be _____________________.
Correct Answer:
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Q22: Fill in the blanks.
-When demand is elastic,
Q23: Fill in the blanks.
-When demand is inelastic,
Q24: Fill in the blanks.
-When demand is unitary
Q25: Fill in the blanks.
-If price falls and
Q26: Fill in the blanks.
-If price rises and
Q28: Use the figure below to answer the
Q29: Use the figure below to answer the
Q30: Use the figure below to answer the
Q31: Use the linear demand curve shown below
Q32: Use the linear demand curve shown below
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