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Hot Dog! A nice clean example of the relationship between elasticity of demand and revenues

There's a well known result in Econ 101 (I need to write this chapter for Env-Econ 1010 sometime) that if the demand for a good is elastic, lowering the price will increase revenues, and vice-versa. If the demand is inelastic, then lowering the price lowers revenue. Unfortunately it's rare to...
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