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Do you think the concept of elasticity is relevant in managerial decision making? Consider the crisis around the world due to Covid 19, most businesses
- Do you think the concept of elasticity is relevant in managerial decision making?
- Consider the crisis around the world due to Covid 19, most businesses are likely experiencing declining revenues. Applying the elasticity concept, how would you advice the pricing strategies to increase company revenue if a company trades in goods that are:
- Elastic;
- Inelastic;
- and the unit elastic
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
