Select the best answer below. If the market is in equilibriu…
Select the best answer below. If the market is in equilibrium, determine if the firm should raise price, lower price, or leave it unchanged in order to raise total revenue. Assume the firm does not care about affecting costs.
Read DetailsYour weekly income is $60. The price of a Cool Lime Starbuck…
Your weekly income is $60. The price of a Cool Lime Starbucks Refresher is $2, and the price of a Strawberry Acai Starbucks Refresher is $3. How many Cool Lime Starbucks Refreshers (L) and Strawberry Acai Starbucks Refreshers (S) do you optimally consume per week? Enter the values for L and S. The value for L is [ans1] and the value for S is [ans2].
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