You Have Just Been Hired as a Business Consultant to Determine

question 74

Multiple Choice

You have just been hired as a business consultant to determine what pricing policy would be appropriate to increase the total revenue of a bakery.The first step you would take would be to

• A)increase the price of every loaf of bread in the store.
• B)look for ways to cut costs and increase profit for the bakery.
• C)determine the price elasticity of demand for the bakery's products.
• D)determine the price elasticity of supply for the bakery's products.

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