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If you own a caf that sells coffee and your economist friend tells you that the price elasticity of demand for coffee is 1.2, then

If you own a caf that sells coffee and your economist friend tells you that the price elasticity of demand for coffee is 1.2, then to increase your revenue you should

Select one:

Increase your coffee price

Decrease your advertising spending

Buy another coffee machine

Decrease your coffee price

Clear my choice

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