The price elasticity of good is less-maximize total revenue

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Reference no: EM13839498

If the price elasticity of a good is less than 0 but greater than -1, the good is considered _____________ and the company should ____________ price to maximize total revenue.

A. Elastic; Lower

B. Inelastic; Raise

C. Unit Elastic; Not Change

D. Normal; Lower

Reference no: EM13839498

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