Economy, asked by nishkamenon3300, 9 months ago

Suppose that the Board of Directors of the local company proposes that price of one of their competitive product in the market be raised as a means of raising additional funds to support flood victims. Explain in support what the members are implicitly assuming about the price elasticity of demand of the product

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Answered by abhi302400

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Explanation:

Suppose that the Board of Directors of the local company proposes that price of one of their competitive product in the market be raised as a means of raising additional funds to support flood victims. Explain in support what the members are implicitly assuming about the price elasticity of demand of the product

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