2 products with high and low elasticities: why those products have high or low elasticities. If you...
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2 products with high and low elasticities: why those products have high or low elasticities.
If you are a sales manager, deciding to raise the prices of your products by 10%, but you are concerned that your sales volumes would fall because of the higher prices, which products would you select, products with high or low elasticity?
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