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Why are convenience stores able to charge higher prices

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Reference no: EM133574114

Question: Price elasticity of demand "zooms in" on how price changes impact quantity demanded. Consider and answer at least one of the following questions. Why are convenience stores able to charge higher prices than grocery stores for some items? If a firm wants to maximize its revenues, then what price should it charge? What factors influence the price elasticity of demand for nutrition supplements?

 

 

Reference no: EM133574114

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