QUESTION 7: If demand is inelastic and camera companies wish to increase revenue should they ncrease or decrease the price? If demand is elastic and camera companies wish to increase revenue should they increase or decrease the price? Explain why.
QUESTION 7: If demand is inelastic and camera companies wish to increase revenue should they ncrease or decrease the price? If demand is elastic and camera companies wish to increase revenue should they increase or decrease the price? Explain why.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 1SQP
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