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Homework answers / question archive / A price change causes the quantity demanded of a good to decrease by 20 percent, while the total revenue of that good increases by 10 percent is the demand curve elastic or inelastic? Calculate and explain Your answer:

A price change causes the quantity demanded of a good to decrease by 20 percent, while the total revenue of that good increases by 10 percent is the demand curve elastic or inelastic? Calculate and explain Your answer:

Economics

A price change causes the quantity demanded of a good to decrease by 20 percent, while the total revenue of that good increases by 10 percent is the demand curve elastic or inelastic? Calculate and explain Your answer:

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