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Price Elasticity of Demand on a Graph
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Problem 10
Price Elasticity of Demand on a Graph
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4. Elasticity / Price Elasticity of Demand on a Graph / Problem 5
Problem 5
A company finds that its product has an inelastic demand. What pricing strategy should it consider to increase revenue?
A
Increase the price
B
Offer discounts
C
Decrease the price
D
Keep the price constant
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