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For the following questions label each statement as True or False and explain why you choose your answer. Explaining your answer is the most important
For the following questions label each statement as True or False and explain why you choose your answer. Explaining your answer is the most important part of the answer. Include specific analysis using what we have learned in class.
1) If a firm wanted to raise revenue they should lower the price.
2) The reason why agriculture prices are so volatile is that income elasticity is high and so is the elasticity of demand.
can you fully explain? thank you
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