According to the revenue maximizing rule if the absolute value of the price

According to the revenue maximizing rule if the

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54. According to the revenue maximizing rule if the absolute value of the price elasticity of demand for a product is less than 1 then the firm should 1.Raise the price. 2.Lower the price. 3.Don’t change the price. 4.Leave the market. 5.None of the above. 55. The Earned Income Tax Credit is probably a more effective way to help unskilled workers and reduce poverty than a minimum wage because___. 56. The difference between a short-run production process and a long-run production process is that a short-run production process has ___.
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