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Assume the point elasticity method.

1. Anna owns the Sweet Alps Chocolate store. She charges $10 per pound for her hand made chocolate. You, the economist, have calculated the elasticity of demand for chocolate in her town to be

2. If she wants to increase her total revenue, what advice will you give her and why?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9496399

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