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When the price of good a increased from 90 to 110 the

When the price of good A increased from $90 to $110, the quantity demanded of good A decreased from 350 units to 250 units.

a. What is the price elasticity of demand for good A?

b. Is the demand for A elastic or inelastic?

c. What is the effect on total revenue of this increase in price?

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Dissertation: When the price of good a increased from 90 to 110 the

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