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    Demand/Elasticity

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    If demand is relatively price inelastic:
    A) a 1 percent increase in price evokes a less than 1 percent decrease in quantity demanded.
    B) a 1 percent increase in price evokes a larger than 1 percent decrease in quantity demanded.
    C) a 1 percent decrease in price evokes a larger than 1 percent increase in quantity demanded.
    D) a 1 percent decrease or increase in price induces no change in total revenue.
    E) none of the above.

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    https://brainmass.com/economics/elasticity/demand-elasticity-19318

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    The solution answers the question regarding demand and elasticity.

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