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2) Below are the demand curves for product A and product B. Both products get a new higher price (product A 4 $ and product

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2) Below are the demand curves for product A and product B. Both products get a new higher price (product A 4 $ and product B 6 S). a) Calculate total revenue before and after the price change for both products. b) Calculate the elasticity for A and B c) Conclude in terms of elasticity and best strategy regarding price change or not. A B Price Price 53 Demand 52 ST 5 10 15 20 25 30 5 15 20 25 30

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