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Unformatted text preview: something that will shift the total revenue curve. (e) Demonstrate on the Total Revenue curve the eﬀect from raising the price from $8 to $10. (f) Compared to the demand curve above, Q D = 300-2 P , is the demand curve Q D = 300-3 P more or less elastic? Explain. What assumption do you need to compare the elasticity of these two demand curves?...
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This note was uploaded on 10/14/2010 for the course DDF 1124-445 taught by Professor Gorthermclays during the Spring '10 term at Florida College.
- Spring '10