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A firm with a highly elastic demand for its products can easily pass increased costs on to consumers. will be unable to pass increased costs
A firm with a highly elastic demand for its products
can easily pass increased costs on to consumers. | ||
will be unable to pass increased costs following unfavorable changes in the exchange rate without significantly lowering the quantity sold. | ||
will be able to raise prices following unfavorable changes in the exchange rate without significantly lowering the quantity sold. | ||
will sell about the same amount of product regardless of price. |
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