Business
Business, 18.09.2019 04:30, qdogisbeast7662

You are running a small business and are thinking about ways to increase your profits. assume you are facing an elastic demand. would you raise or lower your prices? a. raise because revenues would increaseb. lower because revenues would increasec. raise because revenues and costs would decreased. lower because revenues would increase and costs would decreasee. i do not know because i cannot tell how much costs would change in relationship to revenues

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