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If a business facing elastic demand for its product raises the price of the product, the business will receive more revenue. True or False

If a business facing elastic demand for its product raises the price of the product, the business will receive more revenue. True or False
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If a business facing elastic demand for its product raises the price of the product, the business will receive more revenue.

True or False

User Seva Poliakov
by
8.7k points

1 Answer

1 vote
True in my opinion..
User Ccot
by
8.1k points
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