Question 9 2 pts As the price of product X rises from $4 to $6 the result is a decrease in the quantity demanded of prod
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Question 9 2 pts As the price of product X rises from $4 to $6 the result is a decrease in the quantity demanded of prod
Question 9 2 pts As the price of product X rises from $4 to $6 the result is a decrease in the quantity demanded of product X from 600 units to 500 units. The price elasticity of demand for product X is and total revenue as the price of product X rises from $4 to $6. 1.00; remains constant O 0.45: rises O 0.45:falls 2.22: rises 2.22:falls