Answer to Question #67573 in Microeconomics for Thenky
suppose that you are 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 is 1.00 and for external hard drives 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 position to set the prices for these goods.what would be your strategy for each product?
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