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The price elasticity of demand for Fiona's lasagna is 0.6. Fiona wants to increase her total revenue. Would you recommend that Fiona raise or lower
The price elasticity of demand for Fiona's lasagna is 0.6. Fiona wants to increase her total revenue. Would you recommend that Fiona raise or lower his price of lasagna? Question content area bottom Part 1 Fiona should _____ the price of her lasagna because the demand for lasagna is ______. A. raise; inelastic B. lower; inelastic C. raise; unit elastic D. lower; elastic E. raise
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