Business
Business, 05.08.2021 16:20, datboyjulio21

You are the manager of a firm that receives revenues of $60000 per year from product X and $100000 per year from product Y The own price elasticity of demand for product X is 2 and the cross price elasticity of demand between product Y and X is 1.5 How much will your firm's total revenues revenues from both products change if you increase the price of good X by 2 percent

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You are the manager of a firm that receives revenues of $60000 per year from product X and $100000 p...

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