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Home Q & A Board Other Fields Homework Help Business Economics
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snowicefox17 snowicefox17
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4 years ago
Tom and Barbara grow tomatoes for profit, and their business faces a perfectly elastic demand curve. If they wish to increase revenue they should

▸ accept that there is no way of increasing revenue.

▸ keep the price the same, but produce more to increase sales.

▸ lower the price to sell more.

▸ raise the price to make more per kg sold.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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samah952samah952
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4 years ago
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snowicefox17 Author
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4 years ago
Helped a lot
Jose^2
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Yesterday
You make an excellent tutor!
shimyshiguy
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2 hours ago
Thank you, thank you, thank you!
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