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2. (20) two years, Big G (the cereal division of General Mills) raised cereal For the first time in the volume of all cereal sold by Big prices by 2 percent. If, as a result of this price increase, elasticity of demand G changed by -5 percent, what can you infer about the own price for Big G charms brand increased or Can you predict whether revenues on sales of its Lucky decreased?

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Economics 2 Months Ago 73 Views
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