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pose that your friend owns a coffee shop and seeks your advice on changing the price of coffee to increase revenue. If you know demand
pose that your friend owns a coffee shop and seeks your advice on changing the price of coffee to increase revenue. If you know demand for coffee is relatively elastic, what advice will you give your friend? A to decrease the priceB. to increase the priceC. to increase the price for a week and then to lower the priceto decrease the price for a week and then to raise the priceWait until a republican president get elected in years.
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