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Answer to Question #87677 in Microeconomics for Ashee

Question #87677
Discuss why entrepreneur might want to change the PED for their products and consider the extent to which this is acheivable
1
Expert's answer
2019-04-08T10:07:25-0400

Entrepreneurs might want to change the PED for their products because the less elastic is demand for product, the higher revenue can be received as a result of increase in price. Every product has some extent to which this is acheivable.


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