Geography, 08.11.2019 00:31 catboy7196
Question 1 a firm started advertising its product and this changed the product’s elasticity from -2 to -1.5. using the formula (p – mc)/p = 1/ |e| the firm should? a. raise price from $10 to $15 b. reduce price from $15 to $10 c. raise price from $7.50 to $10 d. reduce price from $10 to $7.50
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Question 1 a firm started advertising its product and this changed the product’s elasticity from -2...
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