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Explain why you should never price in the inelastic part of your demand curve please consider total revenue price and costs in your response.
Explain why you should never price in the inelastic part of your demand curve please consider total revenue price and costs in your response.
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When considering pricing strategies it is generally not advisable to solely focus on the inelastic part of the demand curve The reason for this is that the inelastic portion of the demand curve repres...
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
