Would you recommend it to increase or decrease price, Microeconomics

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Would you recommend it to increase or decrease price

Problem

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

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Microeconomics: Would you recommend it to increase or decrease price

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Microeconomics: Would you recommend it to increase or decrease price

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