Unformatted text preview: The firm, like all firms, wants to make more money. The CEO has forgotten everything she learned in ManEc 387 and is relying on you to interpret the elasticity for her. Based on the elasticity of -0.7, should the firm raise or lower the price of its product (if it wants to increase revenue)? (2.5 pts)...
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- Fall '08
- Supply And Demand, English-language films, Firm, Price point, $150