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What happens to total revenue (TR) if the price decreases on a product with demand that is price elastic

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Total revenue rises if the price decreases on an elastic product.

What is total revenue?

Total revenue can be referred to simply as the total moneyt that was made through the sale of goods and services.

The full amount that was gotten through the sale of a good or the services that was rendered. It rises with a price decrease on a price elastic good.

Read more on total revenue here: https://brainly.com/question/25623677

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