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Hint 1: To answer the above question, you might find it helpful (but you do not have to) to imagine that you are one of

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Hint 1: To answer the above question, you might find it helpful (but you do not have to) to imagine that you are one of the managers in your company, and in the next business meeting, you will be discussing with the other managers and the company's CEO what should be the price strategy for each season (fall, winter, spring, and summer) this year. Your price strategies for each season could be one of the following: (1) increase the price of the main product your company produces; (2) decrease it, or (3) keep it unchanged. Make sure to use the information about the price elasticity of demand that you calculated in your table! Hint 2: Hypothetically, suppose that in your company's last year's report, you found these calculations about the price eiasticity of demand: -1.4 from January to Feb; -1.0 from March to May; -0.8 from June to Aug; and -1.7 from Sept to Dec. You need to change these numbers to best fit what usually happens to the demand for a given product your company offers in those four seasons, and/or your own calculations from your summarizing table. These numbers

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