Recommend this strategy based on the information

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Q. The owner of a small chain of gasoline station in a large Midwestern town read an article in a trade publication stating that the own-cost elasticity of the demand for gasoline in the United States (US) is -0.2? Because of this highly inelastic demand in the United States (US), he is thinking about raising costs to increase incomes also profits. Do you recommend this strategy based on the information he has obtained?

Q. Illustrate what are the differences among qualitative also quantitative forecasting techniques?

Reference no: EM1321339

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