Answer to Question #129832 in Microeconomics for Matshidiso

Question #129832
Based on an elasticity coefficient 1.89, how can bolting producers increase the total revenue for sales of biltong
1
Expert's answer
2020-08-17T10:26:05-0400

Based on the elasticity coefficient 1.89,the demand is elastic,thus Biltong producers should reduce the price so that the demand will increase and in turn increase the sales revenue.


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