Question: Last Name First Name St. ID Practice Assignment BECN ISO Due date & time: 22 QQL by 11:52PM Q: Assume that you are a Canadian

Last Name First Name St. ID Practice Assignment BECN ISO Due

Last Name First Name St. ID Practice Assignment BECN ISO Due date & time: 22 QQL by 11:52PM Q: Assume that you are a Canadian business owner. You may face any of the following business scenarios in the market. Complete the table and answer the questions given below the table assuming a decrease in the price level. Business . Price elasticity of demand as per the TR Test scenario (A) i) In which business scenario, will the PRICE CUT be a smart decision? Why? ii) In which business scenario, will the PRICE INCREASE be a smart decision? Why? iii) Identify the business scenario in which price changes do not bring any change in the total revenue

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