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Problem regarding price elasticity of a magazine

Question:

What implicit assumptions would an researcher make regarding price elasticity of a magazine that was losing millions of dollars a yr and the CEO suggested raising the subcription price by 50%? The owner feels by raising prices you would lose a large % of subscribers.

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Microeconomics: Problem regarding price elasticity of a magazine

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Microeconomics: Problem regarding price elasticity of a magazine

Reference No:- TGS02090837

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