Business, 21.04.2020 04:16 Leggett3146

The total-revenue test for elasticity:
A. is equally applicable to both demand and supply. B. does not apply to demand because price and quantity areinversely related. C .does not apply to supply because price and quantity aredirectly related. D. applies to the short-run supply curve, but not to thelong-run supply curve.

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The total-revenue test for elasticity:
A. is equally applicable to both demand and supply. B....

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