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Pricing strategy and price elasticity of demand

Illustrate what is the hypothesized elasticity of demand for one product/service which is capable to produce by the organization (or a product/organization you are familiar with). Given this hypothesized elasticity of demand, how should the organization price their product in this market if the goal is to increase total revenues? Give justification for your answer.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917022

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