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Economics

Suppose that the absolute value of the price elasticity of demand for firms A, B, C, and D is 0,0.8,1, and 1.5 respectively. An increase in the price would reduce quantity demanded for

A- Firms A,B,C, and D

B- Firms B,C, and D only

C- Only firm A

D-Firms C, and D only

E- only Firm D

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229866

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