Business, 24.10.2019 17:43 mgavyn9457

You manage a popular malt shop and lately revenues have been disappointing. your friend suggests that raising soda prices will increase revenues, but your waitress suggests that decreasing soda prices will increase revenues. you aren't sure who is right, but you do know that: a. your friend thinks the demand for sodas is elastic, while your waitress thinks the demand for sodas is inelastic. b. your friend thinks the demand for sodas is inelastic, while your waitress thinks the demand for sodas is elastic. c. both the friend and waitress think the demand for sodas is elastic. d. both the friend and waitress think the demand for sodas is inelastic. e. your friend thinks the demand curve for sodas is nearly horizontal, while your waitress thinks the demand curve is nearly vertical.

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You manage a popular malt shop and lately revenues have been disappointing. your friend suggests tha...