Quantity demanded-increase the total revenue of seller

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Reference no: EM13795881

The price of good A is Eur 20,the quantity demanded is 500 units at yhis price,and price elasticity of demand is Ep=1,8,then a reduction in price of the good by eur 5 would increase the total revenue of seller by

a) 540 eur

b) 875 eur

c) 600 eur

d) 480eur

Reference no: EM13795881

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