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Suppose AAA Airlines is suffering from low revenues and profits. If the company wants tc ncrease revenue and the price elasticity of demand is

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Suppose AAA Airlines is suffering from low revenues and profits. If the company wants tc ncrease revenue and the price elasticity of demand is -0.75, the company should; a) increase the price of tickets. b) advertise. The only option the company has to raise total revenues is to advertise. c) keep the price unchanged because if the price is either increased or decreased total revenue will fall. d) decrease the price of tickets.

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