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Price elasticity of demand in making decisions

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Reference no: EM132286828

A. How can a manager use the price elasticity of demand in making decisions?

B. If the price of jeans rises and the quantity sold goes up, does this mean that the demand curve slopes upward? What is the most likely real-world reason that we see an increase in price and an increase in the quantity sold?

Reference no: EM132286828

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