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You are a manager of a retail store and you are facing a lot of challenges to know if you should raise the price of
You are a manager of a retail store and you are facing a lot of challenges to know if you should raise the price of good at your store. Explain how the concept of the price elasticity of demand can help make decisions on what to do about the price. Analyze how you can use the price elasticity of demand that you learned in this course to help determine whether to raise prices or not.
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