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As the manager, you have determined that the demand for your good is quite elastic. Therefore: A) increasing the price of your good will increase
As the manager, you have determined that the demand for your good is quite elastic. Therefore: A) increasing the price of your good will increase revenues. B) decreasing the price of your good will increase revenues. C) increasing the price of your good will have no impact on the quantity demanded. D) decreasing the price of your good will not impact revenues
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