Business, 07.04.2020 00:51 emmahuber980

You own a small store. Your cashier thinks you should lower prices to increase your total revenue and your friend thinks you should increase prices to increase your total revenue. The cashier thinks the price elasticity of demand is and the friend believes the price elasticity of demand is .

A. elastic;inelastic
B. inelastic; elastic
C. elastic; elastic
D. unit elastic; elastic

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