If Demand Is Elastic,a Price Reduction Will Lead to an Increase

question 37

True/False

If demand is elastic,a price reduction will lead to an increase in total revenue.

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Definitions:

Intra-

A prefix meaning within or inside; used in medical and scientific terms to denote something occurring or situated within a specified area.

Within

In the interior or inside part of; enclosed by or lying inside boundaries or limits.

Ecto-

A prefix meaning "outside" or "external," used in biological and medical terminology.

Out

Positioned or situated beyond the limits or confines of a specified place or area.