Question when the demand curve is in the region of price, Ask an Expert

Economics

Question: When the demand curve is in the region of price inelastic, raising prices will increase revenue. So should a firm ever stay in the region of price inelastic or should they increase prices until price elasticity becomes elastic? Please explain min 250 words

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93117381

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