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Question 4 15 points Save Answer For the first time in two years, Big G (the serial division of General Mills) raised cereal prices by

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Question 4 15 points Save Answer For the first time in two years, Big G (the serial division of General Mills) raised cereal prices by 4%. If, as a result of this price increase, the volume of all cereal sold by big G dropped by 5%, what can you infer about the own price elasticity of demand for Big G cereal? can you predict whether revenues on sales of its Lucky Charms brand increase or decrease? Explain

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