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?(Considerthe theory of price elasticity and the specific value of the price elasticity for gasoline provided in the voice over)
(b) What strategies would you recommend with the price of gasoline and the prices ofother products sold at the gas station?
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
