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Title: Your friend spent the summer roaming around a golf course collecting lost golf balls. Now he has ope Post by: stars_and_moon on Jul 20, 2016 Your friend spent the summer roaming around a golf course collecting lost golf balls. Now he has opened up a stand selling used golf balls at the 3rd green. He currently charges $1 per ball and asks your advice about if he should change the price he charges. If the price elasticity of demand for used golf balls is 0.50, you should advise your friend to ________ the price. Since demand is ________, this will increase total revenue.
A) lower; elastic B) raise; inelastic C) raise; elastic D) lower; inelastic Title: Re: Your friend spent the summer roaming around a golf course collecting lost golf balls. Now he has ... Post by: kingby on Aug 9, 2016 Content hidden
Title: Re: Your friend spent the summer roaming around a golf course collecting lost golf balls. Now he has ope Post by: stars_and_moon on Aug 17, 2016 Incredible!
Title: Re: Your friend spent the summer roaming around a golf course collecting lost golf balls. Now he has ope Post by: kingby on Aug 18, 2016 Great! Now we can move on to the next one
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