If the price elasticity of demand is 2.0, and a firm raises its price by 10 percent, the total revenue will… a. Not chan

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answerhappygod
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If the price elasticity of demand is 2.0, and a firm raises its price by 10 percent, the total revenue will… a. Not chan

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If the price elasticity of demand is 2.0, and a firm raises itsprice by 10 percent, the total revenue will…
a. Not change.
b. Fall by an undeterminable amount given the informationavailable.
c. Rise.
d. Fall by 20 percent.
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