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When would it be most advantageous to know the income elasticity of your product? Select one: a. when you think your rival is going to
When would it be most advantageous to know the income elasticity of your product?
Select one:
a.
when you think your rival is going to cut their price.
b.
when you see that production costs are expected to rise sharply for your product.
c.
when you think that the price of your own product is expected to rise.
d.
when you predict a recession is coming.
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