Given the table below, in which market(s) would a price decrease lead to a revenue increase? TABLE:
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Question:
Given the table below, in which market(s) would a price decrease lead to a revenue increase?
TABLE: OWN PRICE ELASTICITIES OF DEMAND | MARKET | FIRM-SPECIFIC |
Ogres | -0.3 | -0.4 |
Donkeys | -1.1 | -1.8 |
Kittens | -2.2 | -3.3 |
Dragons | -1.8 | -5.2 |
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