A cigar seller notices that the demand for cigars is highly, Ask an Expert

Economics

A cigar seller notices that the demand for cigars is highly inelastic. In an attempt to increase revenue, he lowers cigar prices. Explain briefly whether he has made the right or wrong decision and why? For full credit you have to use a diagram to make your point.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725441

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