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Chai day coffee shop conducts a pricing experiment by gradually decreasing the price of its signature beverage over a week. The shop records the quantity
Chai day" coffee shop conducts a pricing experiment by gradually decreasing the price of its signature beverage over a week. The shop records the quantity of beverages sold at each price point. What does this experiment aim to establish? Question 12 options: The elasticity of demand The shape of the demand curve The law of supply and demand The concept of consumer surplus
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