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April 16, 2014

Homework Help: Economics

Posted by Katelyn on Friday, September 28, 2012 at 9:23am.

Which of the following firms caould raise prices and expect an increase in revenues?
A)a firm product has an elasticity of 1
B)a firm whose product has an elasticity of 0.31
C)a firm whose product has an elasticity of 3.1
D)all firms regardless of the elasticity of their products

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