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Curranly famous writer Nicholas Is evaluating his business plan (for his book "How to get the body you want In It weeks" business). Currently his book has had major success causing the demand for his health book to be Inelastic. Ho fools ho should decrease his prices in order to increase his revenue. Do you agros or disagree with his plan! Ensure to explain your opinion of elasticity for his product and Impact on Total Revenue (should he decrease prices!). Include a domand graph to support your answer.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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