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Define three types of elasticity of demand. Indicate how you (Administrator) would use the information from a paid research for your company according to which
Define three types of elasticity of demand. Indicate how you (Administrator) would use the information from a paid research for your company according to which the price elasticity of demand for your product is -0.8 and not -1.2 as previously thought. In other words, would you recommend raising the prices of your products in order for your company to earn more revenue
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