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n 13 3 points Save Ans pose you are hired as a consultant for Disney. The company want to boost revenues from their new Disney

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n 13 3 points Save Ans pose you are hired as a consultant for Disney. The company want to boost revenues from their new Disney Plus streaming service, and they ask you for advice on how to revise the price of monthly subscription. After estimating current demand (through some combination of market experimentation and surveys), you determine that at the current price, the price elasticity mand is & = - 2. Based on this estimated price elasticity, and assuming a similar demand curve into the future, indicate how Disney should possibly adjust their prices for Disney Plus if they to increase revenues from the subscription. Specifically, should prices be raised, lowered, or held constant. Provide a detailed economic justification for your answer. (Hint: need to convince me why your recommendation will in fact raise subscription revenues) he toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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