Question: 5. Examine the relationship(s) between Elasticity Value and TR at each POINT. 6. Discuss the implication or application of Price Elasticity to the formulation of

5. Examine the relationship(s) between Elasticity Value and TR at each POINT. 6. Discuss the implication or application of Price Elasticity to the formulation of BUSINESS STRATEGY to MAXIMIZE TOTAL REVENUE.

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