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Title: Suppose that the own-price elasticity for yogurt is -0.6. Which of the following statement(s) is (are) true? Post by: iloveyofacexx3 on Mar 17, 2019 Suppose that the own-price elasticity for yogurt is -0.6. Which of the following statement(s) is (are) true? • Raise the price of yogurt in order to increase revenue in the short-run. • Lower the price of yogurt in order to increase revenue in the short-run. • The own-price elasticity of Dannon Yogurt is likely larger than -0.6 (in absolute value). • Both Raise the price of yogurt in order to increase revenue in the short-run and The own-price elasticity of Dannon Yogurt is likely larger than -0.6 (in absolute value) Title: Suppose that the own-price elasticity for yogurt is -0.6. Which of the following statement(s) is (are) true? Post by: austire on Mar 17, 2019 Both Raise the price of yogurt in order to increase revenue in the short-run and The own-price elasticity of Dannon Yogurt is likely larger than -0.6 (in absolute value)
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