suppose that the board of directors of Local Company proposed that the price of one of their competitive products in the product in the market be raised as a means of raising additional funds today support flood victims explain in the support what the members are implicitly assuming about the price elasticity of the demand for the product .
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Explanation:
Looks like you have filled the question with suggestions... or the question is not proper...
Anyways,
Raising the cost of the product is not a good choice if it is competitive with another product...
If it is in great demand you could raise maximum ten rupees as per the selling rate of the product...
I couldn't understand the flood part... Thank You
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