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Business, 29.07.2019 17:10 mystaxkkks

One winter recently, the price of antique furniture antique furniture increased by 20 percent and the quantity demanded decreased by 30 percent. use the total revenue test to determine whether the demand for antique furniture antique furniture is elastic or inelastic. total revenue because the percentage increase in the price is than the percentage decrease in the quantity demanded. a. decreases; greater b. increases; less c. increases; greater d. does not change; less e. decreases; less

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