When would you want to own a business that sells price-elast
2007-10-28 1:24 pm
When would you want to own a business that sells price-elastic products?
回答 (1)
2007-10-31 11:39 pm
✔ 最佳答案
In recession or economy is in poor shape, I will sell price-elastic products as price cut on commodities will raise my revenue becasue I can sell more. However, as output also increase, it is unsure whether net profits rise or not.
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