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2. Using the baseline numbers from question #1 above for Firm B only colfee supplier prices are going up, and Firm B is trying to
2. Using the baseline numbers from question #1 above for Firm B only colfee supplier prices are going up, and Firm B is trying to decide whether to pass on to customers a cost increase (from Firm B's coffee bean supplier) of 10 \& per cup- to $0.45 per cup. If raising the price to Firm B's customers from $4.00 to $4.10 reduces demand by 2%, should they do it? What if demand goes down by 4% ? Show your calculations in the table below If raising the price to Firm B's customers from $4.00 to $4.10 reduces demand by 2%, should they put the price increase through? Why? What if demand goes down by 4%. Should they put the price increase through
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