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Whether increase in price as a result of rising cost is beneficial to the firm will depend on the price-elasticity of demand for the product and the ___

Whether increase in price as a result of rising cost is beneficial to the firm will depend on the price-elasticity of demand for the product and the ___

income- elasticity of demand for its substitutes

price elasticity of demand of the complimentary goods

—>> price-elasticity of demand for its substitutes

income-elasticity of the demand of the complimentary goods

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