The price elasticity of demand for John’s cakes is 1.5. John wants to boost his

Posted on September 30, 2023 | by Linus

The price elasticity of demand for John’s cakes is 1.5. John wants to boost his overall income. Would you advise John to increase or decrease the price of his cakes? Describe your response.

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Approximately 250 words

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$12

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