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OfficeForce Company, needs to increase total revenue by year-end. One Strategy is to discount the price of office space in commercial building by 3%. Two
OfficeForce Company, needs to increase total revenue by year-end. One Strategy is to discount the price of office space in commercial building by 3%. Two groups of customers: Small Businesses (% changed after discount 2%) and Government Services (% changed after discount 10%). The price elasticities of demand would be 0.67 (2%/3% = 0.67) for small businesses and 3.3 (10% / 3% = 3.3) for government services
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