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The price elasticity of demand for Craig's salsa is 2.2. Craig wants to increase his total revenue. Would you recommend that Craig raise or lower
The price elasticity of demand for Craig's salsa is 2.2. Craig wants to increase his total revenue. Would you recommend that Craig raise or lower his price of salsa? Question content area bottom Part 1 Craig should _____ the price of his salsa because the demand for salsa is ______. A. raise; elastic B. lower; inelastic C. lower; elastic D. raise; inelastic E. lower; unit elastic
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