Question
If you were working in a gas station and the manager wants to increase the price of gasoline 5%, (a) what would you tell him
If you were working in a gas station and the manager wants to increase the price of gasoline 5%,
(a) what would you tell him about future revenue? (Consider the theory of price elasticity and the specific value of the price elasticity for gasoline)
(b) What strategies would you recommend with the price of gasoline and the prices of other products sold at the gas station?
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
