The price elasticity of demand varies from 1.5 to 0.75., Ask an Expert

Economics

Suppose that over a range of prices, the price elasticity of demand varies from 15.0 to 2.5. Over another range of prices, the price elasticity of demand varies from 1.5 to 0.75. What can you say about total revenue curve over these two ranges of the demand curve as price falls?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M966489

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