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Home Q & A Board Other Fields Homework Help Business Economics
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insherro insherro
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7 years ago
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.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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andyborziandyborzi
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#1
Posts: 449
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7 years ago
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insherro Author
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7 years ago
Smart ... Thanks!
joyceess
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Yesterday
This site is awesome
vernonb
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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