I have a disagreement over this one: A manufacturer progressively
reduces the price of his product in an attempt to increase total
revenue. The table shows the outcome of the policy:
Price Revenue
10 750
9 750
8 750
Elasticity?
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From the Headmaster
Runnymede College
Calle Salvia 30
28109 La Moraleja
Madrid
Spain
http://www.runnymede-college.com
phone: +34 91 650 8302
fax: +34 91 650 8236
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