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A firm adopts a new technology that allows you to increase your output by 15%. If the elasticity of demand in the US is 3, how should you adjust your price if you want to sell all of your output and why?
A firm adopts a new technology that allows you to increase your output by 15%. If the elasticity of demand in the US is 3, how should you adjust your price if you want to sell all of your output and why?
1
answer
0
watching
142
views
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Lelia LubowitzLv2
11 Jan 2019