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In a bid to increase sales and hence revenue, Budget Holidays are contemplating whether to increase or decrease price from their starting point of 500
In a bid to increase sales and hence revenue, Budget Holidays are contemplating whether to increase or decrease price from their starting point of 500 per holiday. They only know the following: Price (} Quantity Demanded {holidays} 400 500 600 Work through the questions below: Fill in the total revenue column. Calculate the PED if the price rises to 600: Calculate the PED if the price falls to 400: Plot the demand curve
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