Find out elasticities of the products and increase the price

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Reference no: EM1364125

If you were hired as a consultant to increase Revenue for a shoe retail store, what would you do first and explain why

a. Decrease costs across the board

b. Find out elasticities of the products and increase the price on the inelastic shoes

c. Find out the elasticities of the products and increase the price on the elastic shoes

d. Increase the price on all shoes

Reference no: EM1364125

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