you are benevolent social planner for your city. several small food businesses approach you, stating that they plan to increase their prices to compete with nation food establishments. as a benelovent planner, would you advise them to raise their prices or not? explain your answer using concepts in producer and cosumer surplus.
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1
Answer:
yes if the demand for the product is very important or high
No, if there is very low demand
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Answer:
yes if the demand of the product is very important high....
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