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Ilovebacon22 Ilovebacon22
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5 years ago

If the own-price elasticity of demand is -1.25, in order for the manufacturer of Ragu to increase total revenue, at least in the short run, it would be advisable to



• Do nothing.

• Raise the price of Ragu.

• Lower the price of Ragu.

• Can't tell; insufficient information
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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zachcarytcriszachcarytcris
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#1
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5 years ago
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Ilovebacon22 Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
ouasfoudgewu
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Yesterday
Brilliant ツ
larrybrads
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2 hours ago
this is exactly what I needed
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