What assumptions are each of you making about your firm

Reference no: EM13210263

Assume that you are a medical doctor and that both you and David, your partner in a private medical practice, want to increase your firm's total revenue. You argue that in order to achieve this goal you should lower your consultation fees (price). David on the other hand thinks that you should raise your fees. What assumptions are each of you making about your firm's price elasticity of demand?

Reference no: EM13210263

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