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Explain how research and the concept of elasticity can be used to optimize your company's product line. How are supply and demand (changes in prices

Explain how research and the concept of elasticity can be used to optimize your company's product line. How are supply and demand (changes in prices and quantities) related to your company's sales volume? For argumentation, use the elasticity coefficients and the slopes of the supply and demand curves. Illustrate these ideas graphically.

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