Social Studies, 28.09.2019 00:00 3boys33

You are the manager of a restaurant and would like to increase revenue. the host staff suggests that you should increase the price of drinks and food, but the servers suggest decreasing the price of drinks and food. you are unsure if you should increase or decrease price, but you know that
a. the servers thinks demand for drinks and food is elastic. b. the servers think demand for drinks and food is inelastic. c. the host staff thinks demand for drinks and food is elastic.

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You are the manager of a restaurant and would like to increase revenue. the host staff suggests that...