Pricing elasticity and price strategy of demand

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Reference no: EM1311734

What is the hypothesized elasticity of demand for one product/service that is produced by the company (or a product/company you are familiar with)? Given this hypothesized elasticity of demand, how should the company price their product in this market if the goal is to increase total revenues? Give justification for your answer.

Reference no: EM1311734

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