Business, 26.02.2020 06:01 MrRandomUser

According to one study, the price elasticity of demand for restaurant meals is 2.27. This implies that if restaurants want to increase their total revenues they should.

a. decrease price.
b. leave price unchanged.
c. increase price.
d. cannot be determined with the information given.

Answers: 2

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According to one study, the price elasticity of demand for restaurant meals is 2.27. This implies th...