scetcherzart
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  • 13-11-2020
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need a quick answer please

need a quick answer please class=

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smartypants2821
smartypants2821 smartypants2821
  • 13-11-2020

Answer:

In economics, the total revenue test is a means for determining whether demand is elastic or inelastic.

Explanation:

If an increase in price causes an increase in total revenue, then demand can be said to be inelastic, since the increase in price does not have a large impact on quantity demanded.

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