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1. (TCO 3) You increased rates by 10 percent across all services and profits decreased...

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Accounting

1. (TCO 3) You increased rates by 10 percent across all services and profits decreased by 5 percent. Cost per unit remained constant. What could account for this change? (Points : 10)

Positive price elasticity

Negative price elasticity

High proportion of fixed price payers

High proportion of cost payers

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