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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.3
Unit 2 – Supply and Demand
2.3 Price Elasticity of Demand
mixed difficulty
What happens to total revenue when demand is elastic and the price increases?
Total revenue cannot be determined
Total revenue increases
Total revenue decreases
Total revenue remains unchanged
Study guides (1)
AP Microeconomics - 2.3 Price Elasticity of Demand
Key terms
Demand
Total Revenue
Elastic
Price increases
Guides
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