What happens to total revenue as the price increases, Microeconomics

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What happens to total revenue as the price increases

Problem

If the elasticity of demand is 1, what happens to total revenue as the price increases? What if the demand for a product is very inelastic? What if it is very elastic?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What happens to total revenue as the price increases

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Microeconomics: What happens to total revenue as the price increases

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