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 therapeutic massage spa. The first step you would take would be to
A) increase the price of all massages.
B) reduce staff in order to reduce operating costs.
C) determine the price elasticity of supply for massages.
D) determine the price elasticity of demand for massages.
Correct Answer:
Verified
Correct Answer:
Verified
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