题目
Princip of Econ-Microeconomics Module 3 Homework Assignment
单项选择题
Cigarettes are generally considered a very inelastic good. Assume cigarette companies decrease the price of their product, what can you expect in terms of total revenue?
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思路分析
The scenario states that cigarettes are generally very inelastic and that the price is decreased. Inelastic demand means that the percentage change in quantity demanded is smaller than the percentage change in price (|Ed| < 1......Login to view full explanation登录即可查看完整答案
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