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Author Question: Tom and Barbara grow tomatoes for profit, and their business faces a perfectly elastic demand curve. ... (Read 82 times)

magmichele12

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on: May 25, 2020
Tom and Barbara grow tomatoes for profit, and their business faces a perfectly elastic demand curve. If they wish to increase revenue they should
◦ accept that there is no way of increasing revenue.
◦ keep the price the same, but produce more to increase sales.
◦ lower the price to sell more.
◦ raise the price to make more per kg sold.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by magmichele12 on May 25, 2020

Qarqy

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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magmichele12

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

juliaf

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Reply 3 on: Yesterday
Excellent

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