What effect would your answer have on ferraris brand, Microeconomics

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What effect would your answer have on ferraris brand

Problem

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?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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