Is price increase the correct decision to raise revenue?substainate ur answer using price elasticity of demand and income elasticity concepts

Answer 1

You may wish to read your text materials to understand these concepts. You can find more here:

http://www.bing.com/search?q=price+elasticity+of+demand+and+income+elasticity+concepts&form=EDGNTC&qs=PF&cvid=48732885948c46779e488b6c6e1e5da6&pq=price%20elasticity%20of%20demand%20and%20income%20elasticity%20concepts

But I do not know how Ur would answer this question. I believe that was an ancient city in the eastern Mediterranean region.