question archive Suppose the price that Rodale Press has set for Prevention magazine is elastic
Suppose the price that Rodale Press has set for Prevention magazine is elastic
Subject:EconomicsPrice:2.88 Bought3
Suppose the price that Rodale Press has set for Prevention magazine is elastic. How would an increase in price affect revenues?
a. They would not change,
b. They would increase,
c. They would increase and then decrease,
d. They would decrease.
Option 1
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