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Other Fields Homework Help Economics Topic started by: insherro on Jan 23, 2017



Title: According to one study, the price elasticity of demand for restaurant meals is -2.27. This implies ...
Post by: insherro on Jan 23, 2017
According to one study, the price elasticity of demand for restaurant meals is -2.27. This implies that if restaurants want to increase their total revenues they should:
A) increase prices.
B) decrease prices.
C) leave prices unchanged.
D) cannot be determined with the information given.


Title: Re: According to one study, the price elasticity of demand for restaurant meals is -2.27. This ...
Post by: andyborzi on Jan 23, 2017
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