Why increase prices until price elasticity becomes elastic, Microeconomics

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Why increase prices until price elasticity becomes elastic

Problem

When the demand curve is in the region of price inelastic, raising prices will increase revenue. So should a firm ever stay in the region of price inelastic or should they increase prices until price elasticity becomes elastic?

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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