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You were recently appointed as a manager of a small firm selling product X. Your first goal is to increase the firm's revenue. While contemplating
You were recently appointed as a manager of a small firm selling product X. Your first goal is to increase the firm's revenue. While contemplating on this, a friend suggested that you should increase the price of product X. With the knowledge of price elasticity of demand, do you agree with this suggestion? If Yes, why? If No, why not
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann
1st Edition
0324359810, 9780324359817
