Question
A phone company operates two markets. In market one, research Suggests that the price elasticity is 0.5 and on the other market-1.4. The company has
A phone company operates two markets. In market one, research Suggests that the price
elasticity is 0.5 and on the other market-1.4. The company has decided to revise prices
upwards on both markets by 10% this year. Comment on the decision. What alternative pricing strategy would you suggest
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
