Question: 2.2 Use the table in the preceding problem to defend your answers to the following questions: a. Would you recommend that Apple raise or lower

2.2 Use the table in the preceding problem to defend your answers to the following questions:

a. Would you recommend that Apple raise or lower its price for the iWatch to increase revenue?

b. Would you recommend that florists raise their prices for roses on Valentine’s Day if their only goal is to increase revenues?

c. Would you recommend that electronic cigarette vendors cut prices to increase revenues?

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