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The price elasticity of demand for Russell's salsa is 0.8. Russell wants to increase his total revenue. Would you recommend that Russell raise or lower
The price elasticity of demand for Russell's salsa is 0.8. Russell wants to increase his total revenue. Would you recommend that Russell raise or lower his price of salsa? Question content area bottom Part 1 Russell should _____ the price of his salsa because the demand for salsa is ______. A. raise; unit elastic B. raise; inelastic C. raise; elastic D. lower; inelastic E. lower
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