Suppose that the total revenue received by a company selling basketballs is $600 when the...
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Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and $600 when the price is set at $20 per basketball. Without using the midpoint formula, identify whether demand is elastic, inelastic, or. unit-elastic over this price range. Demand is
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