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Determining the best strategy

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Reference no: EM132542145

Suppose that you own a company, and can set your own prices. Your aim is to maximize sales. Which of the following is the best strategy?

(A) Increase prices as long as demand is elastic.

(B) Increase prices as long as demand is inelastic.

(C) Decrease prices when supply is elastic.

(D) Decrease prices when supply is unit elastic.

Reference no: EM132542145

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