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please help 1. Consider whether doughnuts have an elastic or inelastic demand profile? Would a price increase be harmful to total revenues? Why or why

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1. Consider whether doughnuts have an elastic or inelastic demand profile? Would a price increase be harmful to total revenues? Why or why not? 2. Is competing by keeping prices low and cutting costs always the right strategy? Why or why not? 3. How do you see the determinants of price elasticity of demand impacting the price elasticity of demand for doughnuts

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