Answer to Question #67458 in Microeconomics for ibn hassan
1. research has shown that muesli is good for the heart.
2. the ongoing drought has affected grain(one of the ingredients for muesli) production
3 Discuss any 3 factors that can cause an increase in the demand for muesli
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Suppose that you are the managing director of a firm that supplies three goods: laptops, USB drives and external hard drives. The price elasticity of the demand for laptops is 2.0; for USB drives it is 1, 00; and for external hard drives it is 0, 53. The firm is experiencing serious cash flow problems and you have to increase total revenue as soon as possible. You are in a position to set the prices for these goods. What would be your pricing strategy for each product? Motivate your decisions.