Suppose the price elasticity of demand for ferrari vehicles, Business Management

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Suppose the price elasticity of demand for ferrari vehicles

Suppose the price elasticity of demand for Ferrari vehicles is elastic. If Ferrari wish to increase revenue from vehicle sales, would you recommend it to increase price or decrease price. Ignoring the cost of production? What effect would your answer have on Ferrari's Brand?

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Business Management: Suppose the price elasticity of demand for ferrari vehicles

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