Explain experience significant fall off in volumes-revenues


Imagine you are a decision maker in ABC. You are facing the sluggish economy and head-to-head competition with XYZ and several other top players in the personal care market. What kind of strategy would you pursue so that when you increase the price of your product to generate profit margin, you're not going to experience significant fall off in volumes or revenues?

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Microeconomics: Explain experience significant fall off in volumes-revenues
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