Question: In which market would a price decrease result in a revenue increase? Price elastisties of demand MARKET FIRM-SPECIFIC Salt -0.3 -0.4 Pepper -1.1 -1.8 Cumin

In which market would a price decrease result in a revenue increase?

Price elastisties of demand

MARKET

FIRM-SPECIFIC

Salt

-0.3

-0.4

Pepper

-1.1

-1.8

Cumin

-2.2

-3.3

Rosemary

-1.8

-5.2

a. Salt

b. Pepper

c. Cumin

d. Rosemary

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